Charles Schwab Corp. (SCHW) is trading down .09 to 15.31 today.   SCHW is trading near 52-week highs.

Paper traded large blocks of calls hitting the bid for 4,250 times for .40 and 5,300 times for .45 on the SCHW Jan 15 strike.  The strike traded over 15,000 contracts today.  Average contract volume is over 1,811 contracts per day in the name.  Open interest is over 15,000 contracts in the strike.  The implied volatility is down 7.3 points in Jan. This trade looks to be a large seller aggressively closing a position.

30-day implied volatility is 25%.   10-day implied volatility is 29%.  30-day implied volatility is trading just under the 10 day historical volatility.

The Charles Schwab Corporation (SCHW) is a savings and loan holding company. The Company engages, through its subsidiaries, in securities brokerage, banking, and related financial services.