Shares of JCPenney Company, Inc. (JCP) are up .28 to 7.56 today.?? JCP is near the lower end of the 52-week range.
Today paper traded 18170 JCP Aug 2 puts for .10.? ADV is 101,232 contracts.? The OI is 223 contracts.
The volume went in scattered volume of large and small quantity for .10. ?These could be protection trades for an OTC transaction since they are a bet on JCP going bankrupt.? There is some ratio put spread volume in May buying the 8 puts and selling the 6 puts for a debit.? Both of these trades are looking for lower prices for JCP in the future.
30-day implied volatility is 76%.? ?10-day implied volatility is 136%.? 30 day implied volatility is trading below the 10 Day Historical
J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP).?