Shares of Methode Electronics Inc. (MEI) are up .60 to 34.49. ??MEI is near the top of the 52-week range.

Today paper traded 894 MEI Mar 40 calls at .70.? ADV is 512 contracts.? The OI is 524 contracts.

The volume went in one block.? The volume on the strike for the day is 2075 with IV up slightly. Most of the larger volume was hitting the bid here but the IV is still firm.? The trade is probably a buy writer with the IV very high into earnings in two weeks.

30-day implied volatility is 68%.? ?10-day implied volatility is 37%.? 30-day implied volatility is trading above the 10-day historical

Methode Electronics, Inc. is a manufacturer of component and subsystem devices with manufacturing, designs and testing facilities in China, Egypt, Germany, India, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States.