Shares of Verso Paper Corp. (VRS) are up .29 to 2.64 today.?? VRS is near the middle of the 52-week range.
Today paper traded 4000 VRS Apr 2.5 calls at .35-.40.? ADV is 600 contracts.? The OI is 2 contracts.
The volume went in two blocks on split prices.? The low OI means this paper was mostly opening and the stock shot up right after the sale.? The calls are .55 bid so if the seller did not get stock the trade is starting off very tough.? The IV going into earnings is very high at 154% with today?s jump in the stock notwithstanding.
30-day implied volatility is 154%.? ?10-day implied volatility is 45%.? 30 day implied volatility is trading above the 10 Day Historical
Verso Paper Corp. (Verso Paper) is a holding company.?