Shares of Ballard Power Systems Inc. (BLDP) are up .21 to 2.06 today.? BLDP is near the top of the 52-week range.
Today paper traded 680 BLDP Feb 2 calls for .30.? The ADV is 179 contracts.? The OI is 2364 contracts.
The volume traded in two blocks with over 2,032 trading on the day.? The volume is a bit odd since most of the paper is buying today on this strike and the IV is down 10 points. I looked like paper was lifting a standing offer which could account for the lower IV.? Either a buy writer or a short call closer but bullish paper nonetheless.? BLDP is in a similar business as PLUG which we highlighted earlier.
30-day implied volatility is 101%.? ?10-day implied volatility is 84%.? 30-day implied volatility is trading above the 10-day historical volatility.
Ballard Power Systems Inc. (Ballard) is engaged in design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on motive power (material handling and buses) and stationary power (back-up power and distributed generation).