Shares of Pandora Media Inc. (P) are up .08 to 25.87.? P is the middle of the 52 week range.
Today paper traded 5500 P Dec 26/29 put spreads for 1.65. ?The ADV is 30242 contracts.? The OI is 300 and 6006 respectively.
The volume went up in 2 giant blocks.? The trader looked like they were rolling down to a lower strike after making good money on the 29s.? The put roller is looking for more downside.
30-day implied volatility is 62%.?? 10-day implied volatility is 51%.? 30 day implied volatility is trading above the 10 realized volatility
Pandora Media, Inc. (Pandora), is an Internet radio in the United States.