Shares of Affymetrix, Inc. (AFFX) are down .21 to 7.25. AFFX is in the middle of the 52-week range.
Today paper traded 4000 AFFX Mar/Apr 7.5 put spreads for .43. ADV is 820.? The OI is 6011 and 984 contracts.
The paper went up in 4 blocks just inside the markets.? The trades are a put roll that has the Mar selling to close for just over parity and buying the Apr puts.? The strategy is either to protect stock, which feels like a short duration, or a straight bet on AFFX hitting year lows.
30-day implied volatility is 62%.? ?10-day implied volatility is 48%.? 30-day implied volatility is trading above the 10-day historical volatility.
Affymetrix, Inc. (Affymetrix) is engaged in the development, manufacture, sale and service of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets.