Shares Zhone Technologies Group Inc. (ZHNE) are down .04 to 3.65 today.? ZHNE is near the bottom of the 52 week range.
Today paper traded 400 ZHNE Oct 2.5 calls for 1.35-1.4.? The ADV is 191 contracts. The OI is 1114.
The volume went up in 2 blocks.? Volume on the day is 611 contracts with most of that buying lifting the offer.? The Oct IV is up slightly so this could be fresh OI.? The aggressive bid is usually for opening paper.
?30-day implied volatility is 94%.?? 10-day implied volatility is 138%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Zhone Technologies Inc. (Zhone) designs, develops and manufactures communications networks equipment for telecommunications, wireless and cable operators worldwide.