Shares of Chicago Bridge and Iron NV (CBI) are trading up a .84 to 51.85. ?CBI is trading at 52-week highs.
Today paper bought a large block of 19,300 CBI Apr 55 calls for 1.00.? The average contract volume is 3,100 contracts per day in the name and open interest is a mere 356 contracts on the strike.? The implied volatility is up 1.6 points in April. ?The trade looks to be a bullish buyer of calls near-the-money and scattered blocks of calls are trading.
30-day implied volatility is 25%.?? 10-day implied volatility is 12%.? 30-day implied volatility is trading above the 10-day historical volatility.
Chicago Bridge and Iron Company NV (CB&I) is a Netherlands-based integrated engineering, procurement and construction (EPC) services provider and process technology licensor, delivering solutions to customers primarily in the energy and natural resources industries.