Shares of Reality Income Corp. (O) are down .27 to 44.47.? The shares are trading near 52-week highs.
Today paper traded the O Jun 45 calls for $2 on two blocks of 250 and 196 contracts.? Average volume is 249 contracts per day in the name.? Open interest is 116 contracts.
The trades looked like hitting a resting bid to bring the total volume on the day to 661.? Jun volatility is up 1 point.? The intent is difficult to parse but there looks like call buyer too so the trade has bullish feel.? The trade could be due to a potential dividend change.
30-day implied volatility is 10%.? ?10-day implied volatility is 14%.? 30-day implied volatility is trading below the 10-day historical volatility.
Realty Income Corporation (Realty Income) is an equity real estate investment trust (REIT).