Today, Flextronics Int?l Ltd. (FLEX) traded down.15 to 6.29. ??FLEX is trading right between it 52-week high and low.
Paper bought the FLEX Jan 2014 7 calls and sold the Jan 2014 5 puts for .52 and .28 3,161 times.? Average volume is over 270 contracts per day.? Open interest is over 1,700 contracts for the calls and 175 for the puts.? The implied volatility is up 1.9 points in Jan 2014.? The trade looks to be a bullish opening risk reversal with over 5,000 contracts trading on the day.
30-day implied volatility is 30%.?? 10-day implied volatility is 30%.? 30-day implied volatility is trading just at the 10-day historical volatility.?
Flextronics International Ltd. (Flextronics) is a global provider of vertically integrated advanced design and electronics manufacturing services (EMS) to original equipment manufacturers (OEMs).