Shares of Chimera Investment Corp (CIM) are even today at 3.16.? CIM is in the middle of the 52 week range.
Today paper traded 40000 CIM Sep 3 puts for .03.? The ADV is 267 contracts.? The OI is 12243 contracts.
The volume went up in 1 block.? This huge trade in a low volume stock is most likely a put buy from the customer.? Liquidity providers were no bid and this is probably a put buy against stock.? Either way this is a strange trade in a stock with no movement.? The stock pays a big dividend and there is a chance the trader was buying this put in case of a dividend reduction.
30-day implied volatility is 18%. ? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 realized volatility
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.