Shares of Research in Motion (BBRY) are trading 15.06 up .48 today.? BBRY is trading $3 under the 52-week high.

Today paper bought a large block of 33,100 BBRY Jan 2014 10 puts for 1.17. ??Average volume is 205,000 contracts per day.? Open interest is over 55,000 contracts.

The trade looks like a buyer of puts with other large put buyers in the Jan 2014 20 and 17 strikes.? The IV in Jan 2014 is down 4.9 points after earnings today.? There is high open interest here and the trades are unclear as to hedging or outright closing on the positive earnings.

30-day implied volatility is 69%.?? 10-day implied volatility is 62%.? 30-day implied volatility is trading above the 10-day historical volatility.

Research In Motion Limited is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market.