Shares of Vera Bradley Inc. (VRA) are down .49 to 21.53. The stock is trading near the 52 week low.
Today paper traded a combination using the VRA Nov 25 calls for 1.0 1100x against the VRA Aug 20 puts for 1.225 on splits 900x.? Average volume is 660.? Open interest is 37 contracts for Aug and 520 for Nov.
The trade looks like a modified collar where the customer sells calls and buys puts in a different month. The trade was in the middle of the markets and the nearer puts could help for earnings.? There is some call buying in the Jun 22.5 calls this morning as well.
30-day implied volatility is 41%.?? 10-day implied volatility is 24%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Vera Bradley, Inc. (Vera Bradley) is a designer, producer, marketer, and retailer of functional accessories for women. The Company?s products include a range of offering of handbags, accessories, and travel and leisure items.
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