Shares of the Community Health Systems (CYH) are up 1.49 to 36.80.? CYH is bouncing off of a 52 week low.
Today paper traded 10050 CYH May 39 puts at 3.50-3.6.? The ADV is 1806.? The OI is 10038 contracts.
The paper went up in on several large blocks.? The OI is about the same as the volume so this trade is most likely closing a long put near the year lows.? The puts traded just around $1 over parity suggesting the trader sold and the order was accommodated.? The puts are only 3.1 bid now as CYH jumps.? The trade could be a hedge suggesting that the down draft in CYH is nearing an end.
30-day implied volatility is 30%.?? 10-day implied volatility is 30%.? 30 day implied volatility is trading at the 10 Day Historical volatility.
Community Health Systems, Inc. is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.