Shares of MeetMe Inc. (MEET) are up .22 to 3.22 today.? MEET is making a 52 week high today.
Today paper traded 500 MEET Aug 2 calls at 1.350.? ADV is 330 contracts.? The OI is 457 contracts.
The volume went in one block.? The trade is marking sale and given the open interest it looks like an opening transaction.? Most like the trade is buy write looking to capture the .29 of premium in the buy write which would be a good return on risk.? The Aug 1 calls are trading briskly mostly looking like short covering due to the high open interest.? Paper in general here is looking for more upside.? IV near term is up quite a bit going into earnings on the 14th.
30-day implied volatility is 120%.? ?10-day implied volatility is 83%.? 30 day implied volatility is trading above the 10 Day Historical
MeetMe, Inc. (MeetMe) is a social network for meeting new people in the United States and the public market for social discovery