Shares of American Axle and Manufacturing (AXL) are up .70 to 19.75 today. ??AXL is near the 52 week high.
Today paper traded 12942 AXL Apr 20 calls for .65 to .95.? ADV is 787 contracts.? The OI is 376 contracts.
The volume went in multiple small size blocks mostly lifting the offer.? The IV30 is up .69 in there today with heavy volume for the name.? There is no earnings in this cycle so the call buying looks like bullish opening paper.
30-day implied volatility is 35%.? ?10-day implied volatility is 15%.? 30 day implied volatility is trading above the 10 Day Historical
American Axle & Manufacturing Holdings, Inc. (AXL) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles.