Tessera Technologies Inc., (TSRA) is trading 17.60 up .05 ??TSRA is trading $2.40 off of its 52-week highs.
Paper traded 400 of the TSRA MAR 18 calls and puts for .40 and 1.00, respectively.? Average volume is 430 contracts per day.? Open interest is 600 on the calls and 55 on the puts.? The implied volatility is up .6 points in March.? The trade looks to be opening paper selling the straddle but that is not clear.? It is possible it is a combination but the calls did trade on the bid.? The IV is near a 52 week low.
30-day implied volatility is 32%.?? 10-day implied volatility is 20%.? 30-day implied volatility is trading just over the 10-day historical volatility.?
Tessera Technologies, Inc. is a holding company. The Company operates through its subsidiaries in two segments: Intellectual Property and DigitalOptics. Its Intellectual Property segment is managed by Tessera Intellectual Property Corp., including managing the patent and licensing portfolios of its subsidiaries, Tessera, Inc. and Invensas Corporation (Invensas).