Shares of Robbins and Myers Inc. (RBN) closed at 59.08, up 1.26 yesterday.? RBN is trading just shy of a 52-week high.
Yesterday, 2,533 puts traded in the RBN Apr 55 strike for prices ranging from .2 to .7, with most looking like sales.? Average volume is 674 contracts per day in the name.? Open interest is 3,420 contracts in the strike.? The trade looks to be a seller closing a position but the pricing got away as RBN climbed and the IV dropped 7 points.
30-day implied volatility is 18%.?? 10-day implied volatility is 13%.? 30-day implied volatility is trading over the 10-day historical volatility.
Robbins & Myers, Inc. is a supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.