Shares of Impax Labs (IPXL) are up .10 to 19.72.? IPXL is trading .85 off of one-year lows.
Today a straddle traded in the IPXL Jun 17.5p/22.5c strikes 2,500 times for .63 and .83 for each leg. ??Average volume is 1,029 contracts per day in the name.? Open interest is over 1,000 and 460 contracts, respectively.
The trade went up as a straddle and the IV is down sharply on the day.? The implied volatility is down 2.1 points today.
30-day implied volatility is 37%.?? 10-day implied volatility is 14%.? 30-day implied volatility is trading above the 10-day historical volatility.
Impax Laboratories, Inc. (Impax) is a specialty pharmaceutical company. The Company is engaged in development, manufacture and marketing of bio-equivalent pharmaceutical products, referred to as generics, in addition to the development of branded products.