Dow Chemical Co. (DOW) is trading up .30 to 32.44.? DOW is trading $2 off of its 52-week high.
Paper traded puts in DOW on the Mar 30 and 32 strikes in block of 6,000 and 5,500 for .24 and .76, respectively.? Average volume is 25,000 contracts per day.? Open interest is over 10,000 on the both strikes.? The implied volatility is down .3 in Mar.? The trade looks to be closing paper selling out a spread on the recent drop.
30-day implied volatility is 22%.?? 10-day implied volatility is 39%.? 30-day implied volatility is trading well under the 10-day historical volatility.?
The Dow Chemical Company (DOW) is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services worldwide.