Shares of 8X8 Inc. (EGHT) were trading up .12 to 7.5.? The stock is trading just under the 52-week high.
Today paper sold 792 EGHT May 7.5 calls for prices ranging from .05 to.10 in scattered volume. ?Average volume is 275 contracts.? Open interest is 3,317.
Most of the volume today was hitting the bid in this strike.? The .05 looks like it could be closing paper with some longs getting out.? Either way the EGHT is looking like a 7.5 pin going into expiration tomorrow with all the sales.? IV in May is down 16 points today with earning next week.
30-day implied volatility is 54%.?? 10-day implied volatility is 21%.? 30-day implied volatility is trading at the 10-day historical volatility.
8×8, Inc., is a United States-based company, which provides telecommunication services and technology for Internet protocol (IP), telephony and video applications.