Shares of Franco Nevada Corp. (FNV) are trading down 1.77 to 44.29.? The shares are trading in the middle of the 52-week range.
Today paper bought 500 FNV July 35 puts for 0.30. ??Average volume is 469 contracts per day in the name.? Open interest is 30 contracts.
The put buyer looked like either speculation or hedging but the trade did not look like it moved the volatility needle so it could have been buying a standing offer.
30-day implied volatility is 28%.?? 10-day implied volatility is 27%.? 30-day implied volatility is trading above the 10-day historical volatility.
Franco-Nevada Corporation (FNV) is a gold-focused royalty and stream company with additional interests in platinum group metals (PGMs), oil and gas and other resource assets.