Shares of the Skilled Healthcare Group Inc. (SKH) is trading 6.36 up .12.? SKH is trading near the middle of the 52-week range.
Today paper is trading the SKH May 7.5 calls and Apr 7.5 calls around 400 times on scattered small volume. The average contract volume is 218 contracts per day in the name.? Open interest is 4,000 and 942, respectively.
The net time spread is trading for .10 which is very inexpensive, as the volatility skew between the two months is 50 points, which is very high with earnings in the May cycle.
30-day implied volatility is 107%.? 10-day implied volatility is 89%.? 30-day implied volatility is trading above the 10-day historical volatility. It looks like the open interest is rolling to May.
Skilled Healthcare Group, Inc. (Skilled) is a holding company. The Company owns subsidiaries that operate skilled nursing facilities, assisted living facilities, hospices, home health providers and a rehabilitation therapy business.