Shares of Flowers Foods (FLO) are trading up 1.24 to 28.93 today.? FLO is trading near 52-week highs.
Today the FLO Mar 25 puts traded for 0.15 in two large blocks totaling 10,000 contracts.?? Average volume is 683 contracts per day in the name.? Open interest is 11,000 contracts.
The trade looks like the unwinding of a protective put position with more of the Mar 25 offered .15.? The IV is down 13 points in March.? We profiled this trade last week.
30-day implied volatility is 35%.?? 10-day implied volatility is 14%.? 30-day implied volatility is trading above the 10-day historical volatility.
Flowers Foods, Inc. (Flowers Foods) is a producer and marketer of bakery products in the United States.