Shares of Flextronics International (FLEX) are up .11 to 7.09 today.? The stock is trading nearer to the 52 week high.
Today paper traded the FLEX May 7 puts for .21 4500x in one block.?? Average volume is 630 contracts per day.? Open Interest is 93 contracts.
The volume on the day is over 8000 contracts with a standing .22 bid that keeps getting hit.? The block went up as spread but there are no options on the other side of the market in that size.? The trade looks like a classic buy/sell confrontation on the earnings after the close.? The IV is up 7.3 points in May.
30-day implied volatility is 42%.?? 10-day implied volatility is 25%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Flextronics International Ltd. (Flextronics) is a global provider of vertically integrated advanced design and electronics manufacturing services (EMS) to original equipment manufacturers (OEMs). The Company designs, builds, ships and services electronics products for its customers through a network of facilities in 30 countries across four continents.
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