Shares of Avicena Group Inc. (AVGO) are trading down .04 to 34.27.? AVGO is trading $3 off of a 52-week high.
Today paper bought a large block of 3,409 AVGO May 32.5 puts for 0.70. ??Average volume is 1,773 contracts per day.? Open interest is 43 contracts.
The trade looks like an opening buyer of puts with total volume at 4,274 contracts. The IV is up sharply by 1.2 points to 28.36 in May.? The buy looks like it is outside of the earnings cycle.
30-day implied volatility is 28%.?? 10-day implied volatility is 18%.? 30-day implied volatility is trading above the 10-day historical volatility.
Avago Technologies Limited (AVGO) is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products.