PHH Corp. (PHH) is trading up .35 to 22.64 today.? PHH is trading just off of a 52-week high.
Paper bought 2,100 of the PHH MAR 20 puts from prices ranging from .20 to .40 on scattered volume. Average volume is 595 contracts per day.? Open Interest is 30 contracts on the strike.? The implied volatility is up 1.6 points in Mar.? The trade looks to be opening paper betting on a fall from recent highs.
30-day implied volatility is 31%.?? 10-day implied volatility is 43%.? 30-day implied volatility is trading just below the 10-day historical volatility.?
PHH Corporation (PHH) is an outsource provider of mortgage and fleet management services. PHH operates in three segments: Mortgage Production, Mortgage Servicing and Fleet Management Services. The Company provides mortgage banking services to clients, including financial institutions and real estate brokers, throughout the United States.