Shares of Analog Devices, Inc. (ADI) are down 1.9 to 51.79.? ADI is trading near the top of the 52 week range.
Today paper traded 10000 ADI May/Jun 55 call spreads for .55. The ADV is 12119 contracts. The OI is 11253 in May and 7106 in Jun.
The paper went up in large blocks. The call spread looks like a roll on the big downtick in the stock.? With ADI near the upper end of the range the customer is taking this opportunity to roll out on the weakness.
30-day implied volatility is 22%. ? 10-day implied volatility is 24%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Analog Devices, Inc. (Analog Devices) is engaged in the design, manufacture and marketing of a range of analog, mixed-signal and digital signal processing integrated circuits (ICs).?