Shares of Quest Diagnostics Inc (DGX) are up .77 to 60.84 today.? DGX is near the upper end of the 52 week range.
Today paper traded DGX Nov 65 calls 12000x. The ADV is 1861 contracts.? The OI is 1493.
The volume went up in one block.? This is a size buyer of these calls.? No doubt some of the takeover news in the healthcare sector is fueling this buy.? The trader is looking for a big move up on very cheap IV.
?30-day implied volatility is 19%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Quest Diagnostics Incorporated (Quest Diagnostics) is a provider of diagnostic testing, information and services, providing insights that enable patients and physicians to make healthcare decisions.