Shares of JC Penney Company (JCP) are up .21 to 15.6.? The shares are trading nearer to 52-week lows.
Today paper traded a large ratio put spread in JCP with the Apr 20 puts and the Apr 17 puts 4.45 over 1.96 14,950 x 29,900. ??Average volume is 62,796 contracts per day in the name.? Open interest is over 24,000 on the 20 puts and 36,000 on the Apr 17 puts.
The trade printed under the market and the OI suggests it could be closing on both sides.
30-day implied volatility is 56%.?? 10-day implied volatility is 71%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
J. C. Penney Company, Inc. (JCP) is a holding company.