Shares of Chegg Inc. (CHGG) are up 1.05 to 6.94 today. ?CHGG is in the middle of the 52 week range.
Today paper traded 222 CHGG Aug 10 calls for .05. ?The ADV is 373 contracts.? The OI is 1 contract.
The volume went up in scattered sizes.? The .05 calls are all buys and look like pure speculation on the upside.? The Aug 7.5 calls traded .30 from a posted offer.? Paper here is closing farther term and looking at more spec. upside short term.? IV 30 is down 40 points today.
30-day implied volatility is 60%.?? 10-day implied volatility is 54%.? 30 day implied volatility is trading above the 10 realized volatility
Chegg, Inc. (Chegg) is the student-first connected learning platform, empowering students to take control of their education to save time, save money and get smarter.