Shares of Alcoa Inc. (AA) are up .08 to 9.07 today.? AA is trading $1 off of its 52 week low.
Paper traded 17, 852 of the AA Jan 2014 8 call for 1.57 in one large block. ?Average contract volume is over 26,775 contracts per day in the name.? Open interest is over 29,000 contracts on the strike.? The implied volatility is flat on the strike. The trade looks to be a seller as the trade price was sold through the existing bid.? I did not see a stock print go up at the same time.
30-day implied volatility is 27%.?? 10-day implied volatility is 42%.? 30-day implied volatility is trading below the 10-day historical volatility.
Alcoa Inc. (AA) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in technology, mining, refining, smelting, fabricating, and recycling.