Shares of World Wrestling Entertainment (WWE) are up .59 to 23.33 today. ??WWE is near the top of the 52-week range.
Today paper traded 6700 WWE Jul 25 calls and 3700 WWE Oct 17.5 puts and 35 calls for .20 credit.? ADV is 1156 contracts.? The OI is 7778 for Jul and 0/107 for Oct.
The volume went in 3 large blocks.? The Jul 25 calls looked like a closing position on some type of overwrite.? The Oct trade went up in what looked like a short strangle.? It would be worth checking the OI on this to see if the Jul calls were a possible open.? The volume looks like a long stock holder moving to a more aggressive strategy for selling options but keeping part of the upside open.
30-day implied volatility is 60%.? ?10-day implied volatility is 48%.? 30 day implied volatility is trading above the 10 Day Historical
World Wrestling Entertainment, Inc. (WWE) is an integrated media and entertainment company. The Company develops content via television, online and at its live events.