Shares of Plug Power Inc. (PLUG) are up .22 to 2.55 today.? PLUG is making a 52-week high.
Today paper traded 1,000 PLUG Jun 4 calls at .35-.40.? ADV is 1,721 contracts.? The OI is 149 contracts.
The volume went up in two blocks as paper sold calls into the rally this morning.? IV is down 10 points in Jun and across the term structure.? The trade is consistent with a call writer trying to generation a higher ROE of 14% for a 6 month hold if PLUG does nothing.? Plug has come from .72 in early December.? The last time UA mentioned plug the name was trading 1.81.
30-day implied volatility is 135%.?? 10-day implied volatility is 215%.? 30 day implied volatility is trading above the 10-day historical volatility.
Plug Power Inc. (Plug Power), is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of fuel cell systems for the industrial off-road (forklift or material handling) market.?