Shares of VimpleCom Ltd (VIP) are up .05 to 8.95 today.? VIP is near the bottom of the 52 week range.

Today paper traded 2667 VIP Jul 10 calls for .25.? The ADV is 390 contracts.? The OI is 566.

The volume went up in one block.? Total volume on the strike is over 5000 contracts now and IV30 has skyrocketed up 35 points.? The markets were very wide this morning and have since tightened up somewhat.? For a light name this is huge call buying on a stock with almost no range today.

?30-day implied volatility is 72%.?? 10-day implied volatility is 19%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

VimpelCom Ltd. (VimpelCom) is a holding company. The Company operates in Mobile Telecommunications Businessand Fixed-Line Telecommunications and Fixed Internet Business.