Shares of BlackBerry Ltd (BBRY) are flat today at 8.54.? BBRY is in the lower end of the 52-week range.
Today paper traded 18,423 BBRY Mar 7 puts for .28.? ADV is 94,000 contracts.? The OI is 12,225 contracts.
The volume went up mark sold last but paper was lifting the offer at the time.? The opening trade looks like a play on BBRY going down or if tied to stock a big move.? IV is down sharply in all the near term months.
30-day implied volatility is 57%.? ?10-day implied volatility is 67%.? 30-day implied volatility is trading below the 10-day historical volatility.
BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.