Shares of Lamar Advertising Co (LAMR) is trading 48.04 up .40 today.? The shares are trading near the 52-week high.
Today paper bought the LAMR Jul 48 calls on split prices of 3.05 4100 times and sold the Jul 50 and Jul 55 calls for 1.90 and .50 2050 times.? Average volume is 1011 contracts per day in the name.? Open interest is for all three strikes is less than 100 contracts.
The call spread trader looks like they are putting on a modified Christmas Tree trade (buy 1 sell 1 sell1) with a different ratio.? This trade has a very bullish outlook.
30-day implied volatility is 26%.?? 10-day implied volatility is 12%.? 30 day implied volatility is trading above the 10-day historical volatility.
Lamar Advertising Company (Lamar Advertising) is an outdoor advertising company in the United States based on number of displays and has operated under the Lamar name. The Company operates in a single operating and reporting segment, advertising.