Shares of Orbitz Worldwide, Inc. (OWW) are up down .75 to 8.19 today. OWW is in the middle of the 52 week range.
Today paper traded 1799 OWW May 10 calls for .35.? ADV is 1143.? The OI is 1128 contracts.
The paper went up in one block lifting the offer.? Preceding the big block there was an aggressive call sale that was answered by the block purchase and more call buying following the trade.? Most of the paper went up on one floor which usually means a larger order is trying to fill.? IV is up 6 points in May with IV trading at an elevated level for a stock that is not moving too much.? The call purchases are looking for an out of character move.
30-day implied volatility is 62%.? ?10-day implied volatility is 22%.? 30-day implied volatility is trading above the 10-day historical volatility.
Orbitz Worldwide, Inc. is a global online travel company (OTC) that uses technology to enable leisure and business travelers to research, plan and book a range of travel products and services.