Shares of EXACT Sciences Corp (EXAS) are trading down .8 to 10.82.? EXAS is trading in the middle of its 52-week range.
Today 4,000 of the EXAS Apr 8 puts and Apr 15 calls traded at nearly the same time and near the same total volume with the puts trading between .60-.70 and the calls trading at .35. Average volume is 1,481 contracts per day in the name.? Open interest is 638 in the calls and 7,954 in the puts.
The trade looks to be a seller of calls and buyer of puts for a collar.? The put side of the trade was harder to fill and the IV is up 7.6 points in April.? IV30 is at 52-week highs.
30-day implied volatility is 97%.?? 10-day implied volatility is 54%.? 30-day implied volatility is trading above the 10-day historical volatility.
Exact Sciences Corporation (EXAS) is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer.