346 STRP Dec 20 puts went up in 1 block on the ARCA.
Shares of Straight Path Communication (STRP) are down 11.56 to 14.96 today. ?STRP is at the bottom of the 52 week range.
- Paper traded 346 STRP Dec 20 puts at 4.80. ??
- The ADV is 52k contracts.? ?
- The open interest is 265 contracts.
The volume went up in 1 block on the ARCA. IV has literally exploded in STRP as short sellers targeted the company.? The early put seller looked like an open and since then the puts are trading hands closer to $8.? A large put spread, looking sell, of the Nov 5/15 also went up at 3.45.
- IV 30 is trading for 273%.?
- HV10 is trading for 276%.?
- IV 30 is above the HV 10.
Straight Path Communications Inc. (SPCI) leases its holdings of 38 and 28 gigahertz fixed wireless spectrum licenses through its Straight Path Spectrum, Inc. (Straight Path Spectrum) subsidiary. SPCI holds and licenses patent rights covering communications over computer networks, such as the Internet, through its Straight Path IP Group, Inc. (Straight Path IP Group) subsidiary. The Company provides licenses for communications over the Internet to voice over Internet protocol (VoIP) providers, and products and services that allow for the transmission of data over the Internet. The Company?s segments include the Straight Path Spectrum and the Straight Path IP Group. In August 2013, Straight Path Communications Inc announced its spin-off from IDT Corporation.