Shares of Silicon Motion Technology (SIMO) are up .48 to 18.89 today.? ?SIMO is trading near the 52 week high.
Today paper traded 600 SIMO Sep 22.5 calls for .40. The ADV is 372. ?The OI is 175 contracts.
The volume went up in one block.? The call buy looks smart right now as the stock is higher and the calls are .10 bid higher.? The IV is up in July and Sep as there were scattered call buyers in each term.
?30-day implied volatility is 44%.?? 10-day implied volatility is 22%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Silicon Motion Technology Corporation (SMTC) is a holding company. The Company?s operations are conducted through Silicon Motion, Inc. (SMI Taiwan), a wholly owned subsidiary located in Taiwan and FCI, Inc. (FCI), a wholly owned subsidiary of SMTC, located in Korea.