Shares of Newell Rubbermaid Inc. (NWL) are trading up .11 to 30.45 today. ?NWL is at the upper end of the 52-week range.
Today paper traded the NWL Feb 30 puts for .65-.70 2690.? ADV is 304 contracts.? The OI is 1612 contracts.
The volume went up in midsize blocks lifting a .20 wide market at the time.? The puts are still .65 bid going into earnings tomorrow.? The bearish trade is either a hedge for the big run up or miss from NWL. The IV30 is up only 1.7 points today.
30-day implied volatility is 27%.? ?10-day implied volatility is 16%.? 30-day implied volatility is trading below the 10-day historical volatility.
Newell Rubbermaid Inc. is a global marketer of consumer and commercial products.?