Shares of Zimmer Holdings Inc. are up .71 to 73.43.? ZMH is trading near the top of its 52-week range.
Today paper bought 2,325 ZMH Apr 70 puts for 0.40.? The average contract volume is 639 contracts per day in the name.? Open interest in the contract is 291.
The trade is a buyer sweeping multiple exchanges with volume over 2,700 contracts.? The IV is up .84 points in April.? The trade looks like a buyer of puts to protect gains or speculating on a big move down prior to earnings.
30-day implied volatility is 18%.? 10-day implied volatility is 15%.? 30-day implied volatility is trading above the 10-day historical volatility.
Zimmer Holdings, Inc. (Zimmer) designs, develops, manufactures and markets orthopedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products.