Call Traders Tee Off In ELY
Shares of Callaway Golf Co. (ELY) are down .02 to 10.19 today. ELY is trading near the 52 week high.
Today paper traded 1000 ELY May 11 calls for .33.? The ADV is 335 contracts.? The OI is 0 contracts.
The volume went in in two blocks just off the posted offer.? There is no open interest on this strike and the market in the options is .20 wide on a .33 execution. IV nudged up only slightly after the execution and most likely these were call purchases.
30-day implied volatility is 36%.?? 10-day implied volatility is 43%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Callaway Golf Company together with its subsidiaries, designs, manufactures and sells golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters) and golf balls, and also sells golf accessories (such as golf bags, golf gloves, headwear, towels, umbrellas and travel gear) under the Callaway Golf and Odyssey brand names.