Shares of Dean Foods Co. (DF) are down 1.96 to 16.43.? DF is trading $3 off of one-year highs.
Paper traded the DF Jun 12/16 strangle 7,000 times for 2.10.? Average volume is 2,513 contracts per day.? Open interest is over 13,000 contracts in both Jun strikes.? The implied volatility is trading down 2.9 points in Jun.
The trade looks to be closing a large short strangle position but the trade did not go up marked as spread.? There looks to be more to close in the position.
30-day implied volatility is 28%.?? 10-day implied volatility is 19%.? 30-day implied volatility is trading just above the 10-day historical volatility. ?
Dean Foods Company operates a food and beverage company with over 120 plants in 38 U.S. states, Puerto Rico and Spain.