Shares of Itau Unibanco Holding SA (ITUB) are down .31 to 12.07 today.? ITUB is near the bottom of the 52 week range.
Today paper traded 1910 ITUB Feb 12 calls for .50.? ADV is 1642 contracts.? The OI is 80 contracts.
The volume traded in several midsize blocks.? The IV is up 2 points going into earnings next week. Most of the volume today is in this strike and it looks like a bullish play on the Brazilian bank jumping out of the tailspin that has plagued emerging markets lately.
30-day implied volatility is 35%.?? 10-day implied volatility is 30%.? 30-day implied volatility is trading above the 10-day historical volatility.
Itau Unibanco Holding SA is a Brazil-based holding active in the banking sector.