Shares of 58.com Inc. (WUBA) are down 1.47 to 52.58.? ?WUBA is in the upper part of the 52 week range.
Today paper traded 3400 WUBA Jul 50 puts for 1.80.? The ADV is 1701 contracts. The OI is 331 contracts.
The volume went up in 2 large blocks.? Trade on the strike is over 5000 contracts with most of the paper buying.? WUBA is drifting lower and there is big interest in the downside puts in here.? IV30 is up 7 points today.? WUBA is on a run from $43 recently so put buyers are looking for a pull back or protection.
?30-day implied volatility is 68%.?? 10-day implied volatility is 74%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
58.com Inc. is a holding company. The Company is an online marketplace serving local merchants and consumers in China through its Website www.58.com and mobile applications