Shares of Bitauto Hldg Ltd. (BITA) are down 5.56 to 36.71 today.? BITA is near the middle of the 52 week range.
Today paper trade 729 BITA Jun 35 puts for .85 and 1.30. The ADV is 1199 contracts.? The OI is 827.
The volume went up in two blocks.? Trade in the Jun 35 and 40 puts were over 2500 contracts as buyers mostly poured in pushing the IV up 9 points to 68%.? For now the put buyers are looking for lower prices.? Most of the put buying volume is ITM today as BITA is closing near the daily lows.
?30-day implied volatility is 66%.?? 10-day implied volatility is 53%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services.?