Shares of Dreamworks Animation SKG Inc. (DWA) are up .39 to 28.88 today.? DWA is in the middle of the 52-week range.
Today paper traded 11,578 DWA Mar 28 puts for .60.? ADV is 998 contracts.? The OI is 250 contracts.
The volume went in one block between the markets. There was a bid for puts in other months and outside of earnings this is an aggressive opening play in DWA.? With the trade going up near the offer and the jump in IV most likely this was a put purchase.? Paper is looking for a big move as the name is coming off of 52 week highs after a disappointing earnings announcement.
30-day implied volatility is 38%.? ?10-day implied volatility is 77%.? 30-day implied volatility is trading below the 10-day historical
DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets.