Shares of the iShares Nasdaq Biotechnology (IBB) are trading up .75 to 143.45.? ?IBB is $5 off of its 52-week high.
Paper traded 9,928 IBB Feb 130 puts for .60 in one large block.? The trade looks to be a large buyer of 10,000 contracts with the order getting eventually filled. ?Average contract volume is over 2,219 contracts per day in the name.? Open interest is 20 contracts on the strike.? The implied volatility is up .4 points in Feb. The purchase looks to be for speculating or hedging in the index.
30-day implied volatility is 17%.?? 10-day implied volatility is 20%.? 30-day implied volatility is trading just under the 10 day historical volatility.
iShares Nasdaq Biotechnology Index Fund (IBB) seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index).