Shares of Dollar General Corp (DG) trade down .30 to 53.29. The stock is trading $3 off of a 52 week high.

Today paper traded the DG Aug 50 calls 21500x for 4.8 on the PHLX. Average volume is 5007.? Open interest is 43198 contracts.

The trade looks like the first round of profit taking, possibly on a long position.? The calls traded right in the middle of the market.

30-day implied volatility is 25%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel.

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