Shares of Alliance Fiber Optic Products (AFOP) are up 1.7 to 20.26. AFOP is near the upper end of the 52 week range.
Today paper traded 856 AFOP Jul 22.5 calls for .10.? The ADV is 582 contracts. The OI is 587 contracts.
The volume went up scattered small blocks.? The start of the day had these calls .00 bid and paper started paying .10 for them.? They are .10 now and expecting a move prior to projected earnings.
?30-day implied volatility is 52%.?? 10-day implied volatility is 24%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Alliance Fiber Optic Products Inc. (AFOP) designs, manufactures and markets a range of fiber optic components, and integrated modules incorporating these components, for communications equipment manufacturers and service providers.