Shares of Five Below Inc. (FIVE) are down 2.43 to 38.02 today.? FIVE is near the bottom of the 52-week range.
Today paper traded 7,086 FIVE Feb 35 puts at .35- .60 today.? ADV is 940 contracts.? The OI is 2346 contracts.
The volume traded on several exchanges in many different sized blocks.? Most of the early paper was selling the .30 bid and buy the end of the day paper was lifting the .60 offer.? The put sale looked like an opening play on FIVE bouncing off of the low levels.? For now it is not working.
30-day implied volatility is 36%.?? 10-day implied volatility is 46%.? 30-day implied volatility is trading below the 10-day historical volatility.
Five Below, Inc. (Five Below) is a retailer offering a range of merchandise for teen and pre-teen customer.