Shares of Verso Paper Inc. (VRS) are down .12 to 2.68 today. VRS is in the middle of the 52 week range.
Today paper traded 6000 VRS Aug 2.5 puts for .40.? The ADV is 1837 contracts. The OI is 0.
The volume went up in one large block.? Traders bid the puts to .50 bid with over 13500 trading mostly on the offer.? The initial buy was made with the market .10/.30 so the buyer was very aggressive.? The traders are looking for a big move.? IV30 is up 44 points today.
30-day implied volatility is 143%.?? 10-day implied volatility is 122%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Verso Paper Corp. (Verso Paper) is a holding company.?