Shares of NTAP, Network Appliance Inc. are trading up .36 to 35.27.??? The stock is trading on $3 off of the 52 week high.
Today paper sold the NTAP Jun 34 calls at 2.69 5500x?? Average volume is 21889.? Open interest is 12973 contracts.
The trade looks like a call seller hitting the bid into the early rally this morning with the calls trading a bit higher now.? There is large volume on the May 34 strike so this could be rolling paper but it was not marked as such.
30-day implied volatility is 37%.?? 10-day implied volatility is 29%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
NetApp, Inc. (NetApp) is a provider of storage systems and data management solutions for information technology (IT) infrastructures. Its fabric-attached storage (FAS) platform offers the storage platform for business applications, shared infrastructures, and cloud environments.
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