Shares of Health Net Inc. (HNT) are trading up 1.82 to 30.03.? The stock is trading nearer to the 52-week high.
Today paper trading the HNT Jun 32.5/35 call spread 1769x for .45.?? Average volume is 308 contracts per day.? Open interest is just over 2,000 contracts for both strikes.
The two strikes have traded over 2,000 contracts and looks the same as the open interest.? The trade is marking buy which means paper is most likely buying back a short call spread after earnings.? The IV is down 3.2 points in Jun.
30-day implied volatility is 41%.? ?10-day implied volatility is 35%.? 30-day implied volatility is trading above the 10-day historical volatility.
Health Net, Inc. is a managed care company that delivers managed health care services through health plans and Government-sponsored managed care plans.