Shares of CR Bard Inc. (BCR) are down .79 to 100.? BCR is trading in the middle of its 52-week range.
Today paper bought 1,500 BCR May 95 puts for prices ranging from 1.15 to 1.3 early in the session.? The average contract volume is 437 contracts per day in the name.? Open interest in the contract is 0.
The trade looked like a buyer paying up to fill.? Then, the Apr 100 calls traded for 1.15 at around the same time and looked like a seller selling down to 1.05.? The trades did not go up as spread but did look linked.
30-day implied volatility is 14%.? 10-day implied volatility is 7%.? 30-day implied volatility is trading above the 10-day historical volatility. Several of these OTM put buyers in the low IV medical companies have been trading lately.
C. R. Bard, Inc. (Bard) is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices.