Shares of Impax Labs Inc. (IPXL) are trading down .06 to 15.36.? The shares are trading near the 52-week lows.
Today paper is trading options in both the Jun 22.5 call and Jun 17.5 put with 1,000 calls trading for .075 on splits and 2,000 puts trading for 2.6.? The average contract volume is 1,414 contracts per day in the name.? Open interest in the contract is over 3,000 on both strikes.
The trade looked like closing a risk reversal but the prices and trading mid-market.? The Jun implied volatility is up only .3 points.
30-day implied volatility is 37%.? 10-day implied volatility is 22%.? 30-day implied volatility is trading above the 10 day historical volatility.
C. R. Bard, Inc. (Bard) is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices.