Shares of Alcatel Lucent (ALU) are trading up .12 today to 1.22.? NEM hit a year low of .92 in October.
Paper sold puts in a big block today, with 10,000 ALU Jan 2014 1 puts were sold on the bid for .25.? ?ALU average daily volume is just over 1,200 contracts. ?Volatility is down 5.1 points in the ALU Jan 2014 month.? ?Open interest is over 5,900 contracts on the Jan 2014 1 put. The nature of the trade looks bullish with the put sale pushing down the IV.?
30-day implied volatility is 67%.?? 10-day implied volatility is 40%.? 30-day implied volatility is trading well above over the 10-day historical volatility.?
Alcatel Lucent SA is a France based company that proposes solutions used by service providers, businesses, and governments worldwide to offer voice, data, and video services to their own customers.