RDA Microelectronics Inc. (RDA) are unchanged at 17.75 today. ?RDA is nearer the top of the 52-week range.
Today paper traded 500 RDA Apr 17.5 puts for .20. ?The ADV is 438 contracts.? The OI is 1263.
The volume went in small blocks.? This went as an unfilled.20 sat for a while before paper jumped in to fill.? The .20 bid drove the offer to 1.00 for a short period of time.? The trade does look like closing with the action buy to close.? RDA is going through a merger so the buy to close might be just cleaning up risk.
30-day implied volatility is 14%.?? 10-day implied volatility is 17%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
RDA Microelectronics, Inc. (RDA) is engaged in fabless semiconductor company, which designs, develops and markets radio-frequency and mixed-signal semiconductors for a range of cellular, broadcast, and connectivity applications.