Silicon Graphics International Corp. (SGI) is trading down .50 to 12.38 today.? SGI is trading $3.5 off of its 52-week highs.
Today paper bought the SGI Apr 13 puts for .85-.90 early this morning on volume of 500 contracts lifting all exchanges. ?Average volume is 411 contracts per day in the name.? Open interest is 51 contracts in the strike.
The puts trade on the offer and are just profitable as off this writing.? The buyer is mostly likely looking for more downside here.? The Apr IV is up 8 points to 53.82.
30-day implied volatility is 57%.? 10-day implied volatility is 46%.? 30-day implied volatility is trading above the 10-day historical volatility.
Silicon Graphics International Corp. is a technical computing company. The Company develops, markets, and sells a range of computing servers and data storage, as well as differentiating software.