Shares of Impax Labs Inc. (IPXL) are trading down 4.95 to 15.07 today.? The stock is making a 52-week low.
Today paper sold 1,000 contracts in blocks of 100 in the IPXL April 15 puts trading .01 off the bid. ??Average volume is 1,136 contracts per day in the name, and open interest is 0 contracts.
The trade looks like a very bullish play calling the bottom in IPXL. The IV is up 15.8 points in April on higher than normal volume on the big move.? Total volume on the day is 2,629 and most of that was option selling.
30-day implied volatility is 47%.?? 10-day implied volatility is 42%.? 30-day implied volatility is trading above the 10-day historical volatility.
Impax Laboratories, Inc. (Impax) is a specialty pharmaceutical company.