Shares of General Electric Co. were up .81 to 23.39 yesterday.? GE is trading just off of 52-week highs.
Yesterday a large buyer or ITM calls paid 3.4 for the GE Mar 20s over 10,000 times.? Average volume is 96,000 contracts per day in the name.? Open interest is 22,000 contracts in the strike.?
The trade looks to be an aggressive call buyer because the original bid was not filled but subsequently sellers came into the market.? The IV was down 2.1 points in Mar.
30-day implied volatility is 15%.?? 10-day implied volatility is 21%.? 30-day implied volatility is trading well below the 10-day historical volatility.