Shares of Kandi Technologies Group Inc. (KNDI) are up 2.08 to 12.41 today.? KNDI is making a 52 week high.
Today paper traded 4800 KNDI Mar 5 calls at 7.10.? The ADV is 4140 contracts.? The OI is 2384 contracts.
The volume came in two large blocks right off the bid.? This one looks like a partial close or stock replacement based on the OI.? KNDI has made two large moves in as many days and traders could be looking to unwind a stock position.? The options were trading .10 underwater so unless they are tied to stock the trade makes little sense.? IV 30 is up 29 points so paper thinks the move is not done and almost every strike has volume today.
30-day implied volatility is 125%. ? 10-day implied volatility is 119%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Kandi Technologies Group, Inc. (Kandi), formerly Kandi Technologies, Corp., is engaged in designing, developing, manufacturing, and commercializing electrical vehicles (EVs), all-terrain vehicles (ATVs), go-karts, and specialized automobiles related products for the People?s Republic of China (PRC) and global markets.