Shares of Darden Restaurants, Inc. (DRI) are down 2.48 to 50.44 today.? DRI is in the middle of the 52-week range.
Today paper traded 405 DRI Dec 50 call for .15 440x.? The ADV is 4,652 contracts.? The OI is 1,549 contracts.
The volume went up in one block with over 6,000 calls trading on the day.? There could be some short covering or straight up buying the dip in there today.? The .15 trade looked like the lowest tick in any size with the calls already .40 ITM.? DRI reported earnings today.
30-day implied volatility is 23%.? ?10-day implied volatility is 11%.? 30-day implied volatility is trading above the 10-day historical volatility.
Darden Restaurants, Inc. is a full service restaurant company.?