Shares of Applied Micro Circuits Corp (AMCC) are up .41 to 11.78.? AMCC is in the middle of the 52-week range.
Today paper traded 901 AMCC Feb 12.5 calls for .85.? ADV is 586 contracts.? The OI is 5,238 contracts.
The volume traded in one block with 3731 calls changing hands on the strike today.? IV is up 12 points suggesting fresh buyers are coming in to the name.? It is possible this is short but IV is up in every month ahead of earnings.? Option buyers are looking for a big move into earnings.
30-day implied volatility is 80%.? ?10-day implied volatility is 47%.? 30-day implied volatility is trading above the 10-day historical volatility.
Applied Micro Circuits Corporation (AMCC) is a global computing and connectivity solutions for data centers and service providers.?