Shares of Zhongpin Inc. (HOGS) are down .02 to 12.76.? The stock is trading near 52-week highs.
Today paper swept exchanges buying 1,116 HOGS Jun 12.5 calls for 0.75. ??Average volume is 852 contracts per day in the name.? Open interest is 8,849 contracts.
The trade looks like a very bullish play looking for higher prices HOGS early in the summer. The IV is up 1.6 points suggesting some buying as the .75 was still resting as I post this.
30-day implied volatility is 18%.?? 10-day implied volatility is 7%.? 30-day implied volatility is trading above the 10-day historical volatility.
Zhongpin Inc. is a holding company. The Company is engaged in the meat and food processing and distribution business in the People?s Republic of China.