Shares of Yahoo! Inc. (YHOO) are down .37 to 40.08.? YHOO is near 52-week highs.
Today paper traded 15,610 YHOO Jan 41 calls for .50. ?The ADV is 87,000 contracts.? The OI is 31,713 contracts.
The volume came in one block trading on the offer.? The tape reported tied to stock and several transactions on upper Jan strikes traded with a similar ticker sign.? This does look like a massive unwind of a covered call position of some sort with so much similar volume trading.? With YHOO close to its highs and news coming out, this customer looks like they are exiting.
30-day implied volatility is 30%.? ?10-day implied volatility is 12%.? 30-day implied volatility is trading above the 10-day historical volatility.
Yahoo! Inc. (Yahoo!) is a digital media company.?