Fifth and Pacific Companies Inc. (FNP) shares are trading up .22 to 18.66.? The shares are trading close to a 52-week high.
Today paper traded 13,639 FNP Apr 18 puts for 0.50. ??Average volume is 1,619 contracts per day in the name.? Open interest is 103.
The volume looked like a buyer of puts walking up the bid from .35 to .50 and total volume is 16775.? Earnings look like they are after expiration so this trade looks very speculative.? IV is up 8 points in April.
30-day implied volatility is 46%.? ?10-day implied volatility is 20%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Fifth & Pacific Companies Inc, formerly Liz Claiborne Inc. (Liz Claiborne) designs and markets a portfolio of retail-based, premium brands, including Juicy Couture, Kate Spade and Lucky Brand.