Shares of Expeditors International of Washington (EXPD) are up .30 to 44.96 today. ?EXPD is near the top of the 52 week range.
Today paper traded 10000 EXPD Jun 46 calls at .35. ?The ADV is 1310 contracts.? The OI is 23 contracts
The volume went up in one block.? The trade looks like a covered writer coming in to sell the 45s to catch the highs in EXPD.? Prior to that there was scattered buying of Jun 45 calls of around 4000 contracts.? The Jun 46 sale is pretty aggressive for a buy write.
30-day implied volatility is 18%.?? 10-day implied volatility is 22%.? 30 day implied volatility is trading below 10 Day Historical volatility.
Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services.