Shares of Neutral Tandem Inc (IQNT) trade up .44 to 4.97 today.? The stock is trading near the middle of the 52 week range.
Today paper traded the IQNT May 5 calls for .20 404x.?? Average volume is 200 contracts per day.? Open Interest is 2135 contracts.
The volume looks like a call buyer early this morning.? Total volume on the day is 735 contracts with the IV declining 3.5 points.? There are mostly buyers of the Jun 5 calls as well. The contracts could be opening or closing paper since IQNT is up sharply over the last two sessions.
30-day implied volatility is 71%.?? 10-day implied volatility is 221%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Neutral Tandem, Inc., doing business as Inteliquent, provides solutions for voice, data, and hosted services globally. With over 120 Ethernet sites across four continents, the Company is a global Ethernet interconnection provider, and has an Internet protocol version 6 network.
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