Shares of Royal Bank of Scotland Group (RBS) are down.12 to 11.52.? RBS is trading in the middle of the 52 week range.
Today paper traded 10,752 RBS Feb 10 puts for .10. ?ADV is 646 contracts.? The OI is 13,373 contracts.
The volume traded in two blocks with a .10 offer still posted.? On balance the paper looks closing and May 10 puts are starting to trade on the bid for .25.? It looks like a short put holder is trying to close out as there are more puts offered .10.? The trade looks like a play to buy stock at lower prices and is starting to roll out.
30-day implied volatility is 33%.? ?10-day implied volatility is 27%.? 30-day implied volatility is trading above the 10-day historical volatility.
The Royal Bank of Scotland Group plc (RBS) is a holding company of a global banking and financial services group.