Shares of the Container Store Group Inc. (TCS) are down .26 to 33.59 today.? TCS is near a 52-week low.
Today paper traded 5570 TCS Apr 40/45 combos for a $6 credit.? The ADV is 1463.? The OI is over 6000 contracts on both strikes.
The paper went up in two blocks.? Puts traded near the bid and calls traded in the middle for .10 which is most likely a closing trade. The trade looked like a protective collar that a trader unwound near the bottom for the stock. Look to see if they put on another but as of this writing that is not the case.
30-day implied volatility is 52%.? ?10-day implied volatility is 34%.? 30-day implied volatility is trading above the 10-day historical volatility.
The Container Store Group, Inc. is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer.