Shares of Eagle Materials Inc. (EXP) are down 1.64 to 65.36.? EXP is trading nearer the top of the 52-week range.
Today paper mostly bought the EXP Apr 62.5 puts paying up to 1.70 with volume at 848 contracts. ??Average volume is 453 contracts per day.? Open interest is 267 contracts.
The trade looks like an opening buyer of puts pushing up the IV .9 in Apr.? The puts are already trading below their high tick.
30-day implied volatility is 37%.?? 10-day implied volatility is 24%.? 30-day implied volatility is trading above the 10-day historical volatility.
Eagle Materials Inc. (EXP) is engaged in the manufacture and distribution of gypsum wallboard and the manufacture and sale of cement.