Shares of Veeco Instruments Inc. (VECO) are up .15 to 40.73 today.? VECO is trading near the upper end of the 52-week range.
Today paper traded 5029 VECO Feb 38 puts for .05-.10.? ADV is 578 contracts.? The OI is 3065 contracts.
The volume went in mostly large blocks for .05 with some trading .10.? There seems to be some serious interest in a put that is $2 out of the money with 1 day to go.? There could be some closing paper but some of these have to be buying to open at the minimum.? Look for an announcement of some sort in VECO within 12 hours.
30-day implied volatility is 38%.?? 10-day implied volatility is 38%.? 30-day implied volatility is trading above the 10-day historical volatility.
Veeco Instruments Inc. (Veeco) designs, manufactures and markets equipment to make light emitting diodes (LEDs), hard-disk drives, as well as for emerging applications such as concentrator photovoltaics, power semiconductors, wireless components, microelectromechanical systems (MEMS), and other next-generation devices.