4000 FRED Apr21 25 calls went up in one block on the ISE.?
Shares of Fred?s Inc. (FRED) are up 1.10 today to 18.83.? FRED is near the middle of the 52 week range.
- Paper traded 4000 FRED Apr21 25 calls for .60.? ?
- The ADV is 2980 contracts.?
- The OI is 607 contracts.
The volume went up in one block on the ISE.? Over 25k calls trade where the buyers post bids and fill.? Call buyers have been in most of the day paying .55-.65 for the strike.? The call buying could be related to the RAD/WBA merger.? IV is very high in FRED right now.
- IV 30 is trading for 86%.
- ?HV10 is trading for 46%.?
- IV 30 is trading above the HV 10.
Fred’s, Inc. (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to over 20 franchisees.