Shares of Valley National Bancorp (VLY) are up .12 to 9.6 today.? VLY is in the middle of the 52 week range.
Today paper traded 2080 VLY Dec 12 calls at .10.? The ADV is 150 contracts.? The OI is 0 contracts.
The volume went up in scattered blocks.? A .10 bid was posted and slowly filled throughout the day.? There is no open interest to speak of and the calls are $2 OTM.? The posted bid is looking for a lot of upside here.
30-day implied volatility is 58%. ? 10-day implied volatility is 34%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Valley National Bancorp (Valley) is a bank holding company.