Shares of Western Union Co. (WU) are trading at 13.99, up .46 today. ?WU is trading at one-week highs.
Today paper bought the WU Feb 13 puts in large blocks of 4,445, 3,725, 1,899, and 2,017 for .13. The average contract volume is 3,683 contracts per day in the name.? Open interest is just over 4,000 contracts.? The implied volatility is up 12.5% today in Feb. ?The trade looks to be a buyer of puts with substantial volume trading on the 14 strike as well.
30-day implied volatility is 35%.?? 10-day implied volatility is 19%.? 30-day implied volatility is trading well over the 10-day historical volatility.
The Western Union Company (Western Union) is engaged in money movement and payment services. The Company?s business payments service provides consumers and businesses with options for making one-time or recurring bill payments, including business-to-business payment transactions, which are primarily cross-border, cross currency transactions.