Shares of Calpine Corp (CPN) were down .66 yesterday to 21.03.? The stock is trading in near the top of the 52-week range.
Yesterday a steady seller sold 3,000 CPN Jun 18 calls down to 3.40 on various blocks.? Average volume is 830 contracts per day in the name.? Open interest is over 7,987 contracts.
The volume looked like a seller hitting the bid and then walking down to get filled in a volatile day.? The high open interest suggests closing but check the number today.
30-day implied volatility is 23%.? ?10-day implied volatility is 22%.? 30-day implied volatility is trading above the 10-day historical volatility.
Calpine Corporation (Calpine) is an independent wholesale power producer in the United States.