SolarWinds Inc. (SWI) shares are down 3.59 to 55.17 today.? The shares are trading $6 off of the 52-week high.
Today paper sold the SWI Apr 55/60 put spread 500 times for 3.65. ??Average volume is 959 contracts per day in the name.? Open interest is 224 and 511, respectively.
The volume looked like a roller of puts in the 60 strike closing and reopening in the 55 strike.? This would finance the short position.
30-day implied volatility is 37%.? ?10-day implied volatility is 23%.? 30-day implied volatility is trading above the 10-day historical volatility.
SolarWinds, Inc. (SolarWinds) designs, develops, markets, sells and supports enterprise information technology (IT), infrastructure management software to IT professionals in organizations of all sizes.