Shares of Zions Bancorp (ZION) are down .02 to 29.73 today.? ZION of the 52 week range.
Today paper traded 1000+ ZION Jul 30 calls for .30-.33. ?The ADV is 1060 contracts.? The OI is 979 contracts.
The volume went up small lots.? Traders posted bids and lifted offers buying up most of the volume today.? This could be short call covering or fresh buying prior to the earnings release.?? The trade is mostly short term bullish but the timing of any pop has two weeks to run.
30-day implied volatility is 23%.?? 10-day implied volatility is 13%.? 30 day implied volatility is trading above the 10 realized volatility
Zions Bancorporation is a financial holding company.