Shares of ZION Bancorp. (ZION) are down .30 to 28.17 today.? ZION is near the upper end of the 52-week range.
Today paper traded 1,003 ZION Apr 28 puts for 1.42-1.50. The ADV is 1,008 contracts.? The OI is 147 contracts.
The volume went up with an early seller that flipped to steady buying.? The puts do look protective in nature since they are ATM.? Most of the volume was showing buy after initial sales but the IV is flat for the day in April.? Similar type of trade to the RY puts posted earlier.
30-day implied volatility is 25%.? ?10-day implied volatility is 21%.? 30-day implied volatility is trading above the 10-day historical volatility.
Zions Bancorporation is a financial holding company.?