Shares of Hillshire Brands Co. are up .54 to 36.29 today.? HSH is trading near the middle of the 52 week range.
Today paper traded 11185 HSH Jun 40 calls at .45. ?The ADV is 1537 contracts.? The OI is 173.
The volume went up in one large block reporting out of sequence.? The trade looks like a .45 sale by the customer but the calls trade as high as .50 and since have traded down to .25.? Most likely this is a buy write where the stock holder is selling the calls above the 52 week highs taking advantage of the elevated IV.? UA profiled HSH on bullish call buying yesterday.
?30-day implied volatility is 27.8%.?? 10-day implied volatility is 27.8%.? 30 day implied volatility is trading at the 10 Day Historical volatility.
The Hillshire Brands Company is a manufacturer and marketer of food products.?