ORLY, O?Reilly Automotive Inc. is trading down .32 to 103.01.? ORLY is trading near the top of the 52-week range.
Today paper traded the ORLY May 90/100 calls spread 4,000 x 9,000 for 13.60 over 5.80. ??Average volume is 2,961 contracts per day in the name.? Open interest is 5,000+ and 10,000+, respectively.
The volume looked like a closing transaction due to the near exact open interest. This is the continuation of a successful ratio spread we highlighted on March 12th.
30-day implied volatility is 19%.? ?10-day implied volatility is 9%.? 30-day implied volatility is trading above the 10-day historical volatility.
O?Reilly Automotive, Inc. (O?Reilly) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself (DIY) customers and professional service providers.