Shares of Meritor Inc. (MTOR) are up 1.24 to 9.40.? MTOR is making a 52 week high.
Today paper traded 718 MTOR Feb 10 calls for .50-.70.? The ADV is 2495 contracts.? The OI is 15 contracts.
The volume went up in mid-size blocks as MTOR makes a new 52 week high. Most of the paper was buying and the low OI suggests opening.? The IV is spiking today call buying and the big move up.? The OTM strikes suggest paper is looking for higher prices.
30-day implied volatility is 56%. ? 10-day implied volatility is 24%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Meritor, Inc. (Meritor) is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.?