Shares of Dollar General Corp (DG) are up .32 to 57.83.? DG is in the middle of the 52-week range.
Today paper traded the DG Jan 31 Q 57/Mar 55 put spread 15000/17000x for 1.07.? ADV is 10955 contracts.
The volume went up in a large 1 block spread.? The paper looked closing Jan and buying Mar.? The spread is most likely a protective put play on DG and the trader wants to keep it going.? The recent downdraft gives the Jan?s a little lift to get some premium in the Mar purchase.
?30-day implied volatility is 33%.? ?10-day implied volatility is 21%.? 30-day implied volatility is trading above the 10-day historical volatility.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States.