Stanley Black & Decker, Inc. (SWK) is up .89 to 74.94 today.? SWK is trading $5 from its 52-week high.
Today paper bought the SWK Jan 2014 75 call for $7.3-$7.60 on scattered midsize blocks. Average contract volume is 1200 per day in the name.? Open Interest was 632 prior to this trade. The calls look to be a straight buy on multiple orders suggesting some sort of recommendation from a newsletter or similar outlet.? IV was up 4% in Jan 2014.
30-day implied volatility is 23%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading about even with the 10-day historical volatility.?
Stanley Black & Decker Inc. is a diversified global provider of power and hand tools, mechanical access solutions (automatic doors, commercial and residential locking systems), electronic security and monitoring systems and products and services for various industrial applications.