Shares of CEC Entertainment, Inc. (CEC) are up .02 to 53.97.? CEC is in the upper end of the 52 week range.
Today paper traded 5000 CEC Mar 55 call and Mar 50 puts for .20.? ADV is 166 contracts.? The OI is less than 600 contracts on both strikes.
The volume went up in on blocks of 5k contracts.? Early volume for .10/.10 on prices was changed to .05/.15.? The trades look like buys although it is difficult to tell.? CEC is in buyout talks and this bet is on the talks going south or a new bid arising by Mar expiration.? The IV is unchanged.
30-day implied volatility is 6%.?? 10-day implied volatility is 7%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
CEC Entertainment, Inc. is engaged in the family dining and entertainment center business. The Company develops, operates and franchises family dining and entertainment centers under the name Chuck E. Cheese?s.