Shares of Shanda Games Limited (GAME) are up .42 to 5.82.? GAME is near the top of the 52-week range.
Today paper traded 425 GAME Feb 2.5 calls for 2.5.? ADV is 504 contracts.? The OI is 504 contracts.
The volume went up in one block.? The subsequent volume went up as a posted bid and then slowly filled.? There was an early buyer for 3.29 and the paper is opening bullish.? The options started trading for .18 over parity so the buyer was in a hurry.? They are looking for higher prices in the short term.
?30-day implied volatility is 82%.? ?10-day implied volatility is 75%.? 30-day implied volatility is trading above the 10-day historical volatility.
Shanda Games Limited (Shanda Games) is engaged in the development and operation of online games and related businesses in the People?s Republic of China.