Shares of CBL and Ass. Properties (CBL) are down .15 today to 17.78. CBL is near the 52 week low.
Today paper traded 5630 CBL Mar 17.5 calls and 5300 Mar 17.5 puts at .85 and .25-30. ADV is 576 contracts. The OI is 7299 and 8109 contracts.
The volume went in several large blocks hitting the bid. There is huge open interest so it looks like a sell to close straddle knocking the volatility down 11 points. It is hard to tell if the straddle buyer was successful but most like not since CBL is still at the strike. There was follow on volume pushing the trade today to 15000+ contracts between the strikes.
30-day implied volatility is 28%. 10-day implied volatility is 46%. 30-day implied volatility is trading below the 10-day historical
CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT).