Shares of Quest Diagnostics Inc. (DGX) are down 2.92 to 55.68 today.? DGX is in the lower end of the 52-week range.
Today paper traded 330 DGX Dec 55 calls for 1.35. The ADV is 1,314 contracts.? The OI is 26 contracts.
The volume went up in two blocks with volume on the day 997 contracts on the strike.? Most of the paper appears to be buying.? There was volume in the puts as well with IV up 6 points in Dec.? The call buyers started for 1.80 and have been trying to catch the bottom on the way down.??? The paper is looking for a bounce in the stock.
30-day implied volatility is 22%.? ?10-day implied volatility is 17%.? 30-day implied volatility is trading above the 10-day historical volatility.
Quest Diagnostics Incorporated (Quest Diagnostics), is a provider of diagnostic testing, information and services, providing insights that enable patients and physicians to make healthcare decisions.