Shares of United Online, Inc (UNTD) are down 1.34 to 12.93 today. UNTD is at the lower end of the 52-week range.
Today paper traded 3375 UNTD Mar 17.5 puts over 3000 UNTD Mar 15 puts at 2.20.? ADV is 260 contracts.? The OI is 2864 over 580 contracts.?
The volume went up in four large blocks.? Paper looked to be rolling down a long put position that is working out well since UNTD just dropped.? The trader might be looking for more downside but is taking profits now.? The puts they chose to roll to are still very ITM with the options marked spread.
30-day implied volatility is 61%. ? 10-day implied volatility is 129%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
United Online, Inc. (UOL) through its operating subsidiaries, is a provider of consumer products and services over the Internet under a number of brands, including FTD, Interflora, Flying Flowers, Flowers Direct, Drake Algar, Classmates, schoolFeed, StayFriends, Trombi, MyPoints, NetZero, and Juno.