Shares of Office Depot, Inc. (ODP) were trading unchanged today at 4.47.? ODP is trading at a six-month high.
Today paper bought to open ODP Mar 6 calls for .05 and Mar 4 puts for .20 for 5,000+ and 7,000+ contracts, respectively.? Open interest was 0 on the calls and 200 contacts on the puts.? Average volume per day is 910 contracts per day.? The implied volatility is up 9 points in the Mar options. The trade looks a strangle betting on a large move in ODP.
30-day implied volatility is 56%.? ?10-day implied volatility is 57%.? 30-day implied volatility is trading at the 10-day historical volatility.?
Office Depot, Inc. (Office Depot) is a global supplier of office products and services. The Company operates in three business segments: North American Retail Division, North American Business Solutions Division and International Division.