Shares of Navios Maritime Partners (NMM) are trading up .11 to 15.24. NMM is trading nearer the top of the 52 week range.
Today paper hit the bid on the NMM Jun 12.5 puts for .1 350x.?? Average volume is 278.? Open interest is 965.
The trade looks like a straight put sale, potentially closing paper.? The IV is down 2.9 points in Jun and a .44 dividend is about to go ex-d May 08th.The put buy might be to protect against a dividend play.
30-day implied volatility is 27%.?? 10-day implied volatility is 11%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Navios Maritime Partners L.P. (Navios Partners) is an international owner and operator of dry cargo vessels formed by Navios Holdings. Navios GP L.L.C. (the General Partner), a wholly owned subsidiary of Navios Maritime Holdings Inc. (Navios Holdings) acts as the general partner of Navios Partners and received a 2% general partner interest in Navios Partners. Navios Partners is engaged in the seaborne transportation services of a range of dry bulk commodities, including iron ore, coal, grain and fertilizer, chartering its vessels under medium to long-term charters. On May 19, 2011, Navios Partners acquired from Navios Holdings the Navios Orbiter, a 76,602 deadweight Panamax vessel. On May 19, 2011, Navios Partners acquired from Navios Holdings the Navios Luz. In June 2012, the Company purchased the Navios Buena Ventura, a 2010 South-Korean-built Capesize vessel of 179,259 dwt from Navios Maritime Holdings Inc.
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