Shares of Altisource Residential Corp. (RESI) are down 1.57 to 26.76.? RESI is in the middle of the 52-week range.
Today paper traded 1585 RESI Mar 30 calls for .40.? ADV is 224 contracts.? The OI is 1062 contracts.?
The volume went in one block lifting the offer.? The Mar 30 calls have a .30 wide market currently with the calls offered .05 cheaper.? The Mar 22.5 and 25 puts are trading on and near the offers for good size.? IV is up 4 points in Mar with traders looking for big moves after earnings.? All the paper looks opening with very wide markets in this illiquid stock.
30-day implied volatility is 51%. ? 10-day implied volatility is 46%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.