Shares of Aeropostale Inc. (ARO) are up .30 to 14.34 today.? ARO is trading closer to 52-week lows of 11.76.
Today the ARO Mar 13 puts traded from .20-30 on volume over 8,000 contracts. Average volume is 2,373 contracts per day in the name.? Open interest is 6,925 in the strike.
The trade this morning was aggressive call buying bidding up the strike with sellers hitting the bid afterward.? The buyers are winning (for now) as the IV is up 32 points today ahead of earnings tomorrow.
30-day implied volatility is 51%.?? 10-day implied volatility is 37%.? 30-day implied volatility is trading above the 10-day historical volatility.
Aeropostale, Inc., (ARO) is a mall-based, specialty retailer of casual apparel and accessories.