Shares of the LKD Solar (LDK) are even today at 1.08.? LDK is near the bottom of the 52-week range.
Today paper traded 2000 LDK Jan 2015 1 puts for .45.? ADV is 953 contracts.? The OI is over 10851 contracts.
The volume went up in one block of 2000.? The trade is probably a short put closing near the bottom of the range with the puts trading just .02 off of the ask price.? There is not much more room on the downside so this could be a risk control play.? Look to see if more of the open interest trades. The IV is up 7 points in Jan 2015.
30-day implied volatility is 100%.?? 10-day implied volatility is 64%.? 30-day implied volatility is trading above the 10-day historical volatility.
LDK Solar Co., Ltd. is a vertically integrated manufacturer of Photovoltaic (PV) products.?