Companhia Siderurgica Nacional (SID) shares are up .01 to 5.00.? SID is trading $1 off of its one-year lows.
Today puts traded in a block of 5,000 in the SID Jun 4s for .15.?? Average volume is 1145 contracts per day in the name.? Open interest is less than 600 contracts.
The puts traded right in the mid market and would suggest year lows.? The trade looks more apt to be a bet selling the puts to buy SID at year low levels.
30-day implied volatility is 40%.?? 10-day implied volatility is 33%.? 30-day implied volatility is trading well above the 10-day historical volatility.
Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry.