Shares of Stryker Corp. (SYK) are up 2.66 to 83.01.? SYK is near the top of the 52 week range.
Today paper traded 490 SYK Jun 82.5 calls for 1.65. ?The ADV is 669 contracts.? The OI is 2254.
The volume went up in one block.? Follow up volume traded through the offer on several exchanges with the numbers going up to 1435 contracts as of right now.? If this was a large buy writer the call most likely would have gone up in one block or rolled to a higher strike.? With the IV up these options look buy to open with call buying in several terms.
?30-day implied volatility is 18%.?? 10-day implied volatility is 11%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Stryker Corporation (Stryker) is a medical technology company. Stryker offers a diverse array of medical technologies, including reconstructive, medical and surgical, and neurotechnology and spine products.