Yesterday, shares of Conns Inc. (CONN) were down .02 to 47.98.? The stock is trading just under the 52-week high.
Today paper traded the CONN Oct 50/60 call spread with the Oct 40 puts 3,000 times for 1.10.?? Average volume is 356 contracts per day.? Open interest is less than 300 contracts for all strikes.
The volume looks like a call spread buyer and put seller judging from the position of the trades relative to the bid/offer.? The puts finance a good part of the calls and the spread looks flat out bullish.
30-day implied volatility is 31%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading above the 10-day historical volatility.
Conn?s, Inc., is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers? purchases of the products that it offer.