Shares of Office Depot Inc. (ODP) are up .19 to 4.42 today. ODP is trading at highs for the year.
This morning paper bought 1,900 ODP Apr 5 calls for .20. Average contract volume is 669 contracts per day in the name.? Open interest is over 451 on the strike.? The implied volatility is up 6% in the Apr strike. The trade looks to be a new buyer stepping in.?
30-day implied volatility is 53%.?? 10-day implied volatility is 31%.? 30-day implied volatility is trading well over the 10 day historical volatility.
Office Depot, Inc. (ODP) is a global supplier of office products and services.