Shares of Frontier Communications Corp (FTR) are up .10 to 5.96 today.? FTR is near the top of the 52 week range.
Today paper traded 1909 FTR May 6 puts at .10. ?The ADV is 3035 contracts.? The OI is 12086 contracts.
The volume went up in one block.? Puts on this strike traded in size with over 10k going up for 0.10.? This is an aggressive close since they are .04 in the money as of this writing.? The seller thinks FTR is not going down.
30-day implied volatility is 23%.?? 10-day implied volatility is 19%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Frontier Communications Corporation (Frontier) is a communications company providing services primarily to rural areas and small and medium-sized towns and cities in the United States.