Shares of EcoLab Inc. (ECL) are down .10 to 101.86 today.? ECL is in the upper end of the 52-week range.
Today paper traded the ECL Apr 95/100 put spread at 1.15 259 times.? ADV is 262 contracts.? The OI is 303 and 190 contracts.
The volume went up in two blocks between the markets.? Spread volume on the day is exceeding 1700 contracts where much of the volume is hitting the 100 put bid.? The spread is most likely and opening put spread sale looking for higher prices in ECL.? The scattered small volume on multiple exchanges means the larger order is having trouble getting filled.? The spread prices have varied by a .05 or so. Paper appears to look for higher prices.
30-day implied volatility is 20%.? ?10-day implied volatility is 10%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Ecolab Inc. (Ecolab) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.?