Shares of NEON are down .19 to 5.89.? NEON is trading a bit above the middle of the 52-week range.
Today paper traded the NEON Oct 5 puts and 7.5 calls for 1.25 total 1,000 x 2,000 times.? The average contract volume is over 227 contracts per day in the name.? Open interest in the contract is 140.
The trades went up as a spread with twice as many calls as puts.? Is possible the paper was selling calls and buying the puts or this trade was tied to stock.? The IV is down 2.3 points in October which suggests net option selling.
30-day implied volatility is 71%.? 10-day implied volatility is 54%.? 30-day implied volatility is trading above the 10-day historical volatility.
Neonode Inc. develops and licenses the next generation of optical multi touch solutions and user interface solutions to Original Equipment Manufacturer (OEMs) and Original Design Manufacturer (ODMs) who embeds the Company’s MultiSensing technology into handheld devices and touch screens that they develop and sell.