Shares of Fortune Brands Home and Security (FBHS) are up .58 to 40.58.? FXE is in the middle of the 52 week range.

Today paper traded 2409 FBHS Aug 45 calls for .45. ?The ADV is 221 contracts.? The OI is 4 contracts.

The volume went up in 1 block.? If the trade was buy to open it was timely with the calls .60 bid now.? Follow up paper pushed the volume to 4100+ contracts with the IV up 5 points in Aug.? This is very aggressive call buying looking for higher prices in FBHS.

30-day implied volatility is 32%.?? 10-day implied volatility is 23%.? 30 day implied volatility is trading above the 10 realized volatility

Fortune Brands Home & Security, Inc. is engaged in home and security products with companies focused on the design, manufacture and sale of products in Kitchen & Bath Cabinetry, Plumbing & Accessories, advanced material windows & entry door Systems, and security and storage products.