Huntington Bancshares Inc. (HBAN) is trading up .07 to $6.35 today. HBAN is trading right between its 52 week high and low for the year.
Paper bought 1,500 HBAN Jan 5 puts for .03 on scattered blocks of up to 500 contracts.?? Average contract volume is over 2347 contracts per day in HBAN.? Open interest is heavy at 34,000 contracts on the strike.? The implied volatility is up 6.8% in Jan. The trade looks to be closing a short put position.
30-day implied volatility is 39%.?? 10-day implied volatility is 15%.? 30-day implied volatility is trading over the 10 day historical volatility. ?
Huntington Bancshares Inc. is a multi-state diversified regional bank holding company.