Shares of Hillshire Brands Co. (HSH) are down 2.41 to 34.53.? HSH is trading in the middle of the 52 week range.
Today paper traded 1000 HSH Jul 36 calls for .80. ?The ADV is 854 contracts.? The OI is 167.
The volume went up in one large block.? The trader paid .05 off of the offer for these options and most of the paper is similar where they are buying calls or call spreads.? The tone of the paper is a bounce after the adverse market reaction on the corporate action.? IV is up 4 points in Jul.
?30-day implied volatility is 25%.?? 10-day implied volatility is 20%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
The Hillshire Brands Company is a manufacturer and marketer of food products.