Shares of Commvault Systems Inc. (CVLT) are trading up 1.75 to 77.25.? The stock is trading close to a 52-week high.
Today paper is buying the CVLT Mar 70 puts for .15 ??Average volume is 594 contracts per day in the name.? Open interest is 276 contracts.
The trade looks like a bearish or protective play in CVLT but the closeness to expirations suggest outright bearish speculation.? IV is up 1.7 points in Mar.
30-day implied volatility is 32%.?? 10-day implied volatility is 30%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
CommVault Systems, Inc. (CVLT) is a provider of data and information management software applications and related services.