Yesterday, shares of Health Management Associates Inc. (HMA) were trading down 2.22 to 10.37.? The stock is trading in the middle of the 52-week range.
Paper sold down HMA Apr 11 calls to .1 with volume trading 2,976.?? Average volume is 732 contracts per day.? Open interest is 1,100 contracts.
The trade is a bit curious because there appears to be a standing .10 bid that keeps accumulating volume.? There is little margin for error for the sellers and the volume is now much larger than the OI.? IV30 is up 6.9 points.? Might be looking for a bounce back here.
30-day implied volatility is 43%.?? 10-day implied volatility is 32%.? 30-day implied volatility is trading above the 10-day historical volatility.
Health Management Associates, Inc. by and through its subsidiaries operates general acute care hospitals and other health care facilities in non-urban communities.