Shares of Nuverra Environmental Solutions (NES) are down .29 today to 17.23.. NES is trading near the bottom of the 52 week range.
Today paper traded 1250 NES JUN 17.5 calls and put for 2.25. ?The ADV is 773 contracts.? The OI is less than 500 contracts.
The volume went up in 2 big blocks.? Puts marked buy and the calls traded midmarket.? The trader looks like they are buying the straddle.? IV Is up just slightly and the OTM Jun 20 calls traded on the offer to open on what started the day as a no bid strike.
30-day implied volatility is 61%.?? 10-day implied volatility is 51%.? 30 day implied volatility is trading above10 Day Historical volatility.
Nuverra Environmental Solutions, Inc., formerly Heckmann Corporation, provides environmental solutions to protect, enhance and advance environmental sustainability.?