Shares of Leidos Holdings Inc. (LDOS) are up 3.01 to 43.62 today. ?Leidos Holdings Inc. is at the lower end of the 52-week range.

Today paper traded 250 LDOS May 50 calls for .75.? The ADV is 1414 contracts.? The OI is 76 contracts.

The volume went up in one block with IV up .50 points in May.? Calls are trading on the offer in several strikes as LDOS is very active on the move higher.? The trade looks like flat out long call buyer looking for LDOS to get back to 52 week highs.

30-day implied volatility is 28%.? ?10-day implied volatility is 81%.? 30-day implied volatility is trading below the 10-day historical volatility.

Leidos Holdings Inc, formerly SAIC, Inc. is a holding company.