SPLS is trading up .12 to 12.92 today. ?SPLS is making a one-month high today.
Today paper bought the SPLS Jan 2014 15 calls and sold the SPLS Jan 2014 10 puts for a .10-.15 debit.? ?Average contract volume is 5,578 contracts per day in the name.? Open interest was over 5,000 and 20,000 respectively on the strikes.? The combination looks to be a straight up bullish play on SPLS.? The implied volatility is down slightly for Jan 2014.
30-day implied volatility is 27%.?? 10-day implied volatility is 20%.? 30-day implied volatility is trading over the 10 day historical volatility.?
Staples, Inc. (SPLS) is an office products company. ?Staples operates in three business segments: North American Delivery, North American Retail and International Operations.