Shares of Titan International Inc. (TWI) are up .33 to 18.75 today.? TWI is near the bottom of the 52-week range.
Today paper traded 931 TWI Apr 20 calls for .85.? ADV is 400 contracts.? The OI is 276 contracts.
The volume traded in one block lifting the offer.? There were probably more to buy with volume tipping over 1600.? The unfilled calls went bid and were eventually filled.? This is opening paper looking for higher prices.
30-day implied volatility is 37%.?? 10-day implied volatility is 39%.? 30-day implied volatility is trading below the 10-day historical volatility.
Titan International, Inc. (Titan) through its subsidiaries, is engaged in the manufacturing of wheels and tires. The Company operates in three segments: agricultural, earthmoving/construction and consumer.