Shares of Consolidated Edison, Inc. are down .23 to 54.88 today.? ED is near the lower end of the 52 week range.

Today paper traded 9294 ED Apr 35 puts for .35.? ADV is 1264.? The OI is 52 contracts.

The puts trade in one large block this morning.? Volume on the strike grew to 15772 on mostly opening paper.? The IV IS UP .91 in April and no dividend until May.? The trade could be protection against stock since the dividend would essentially pay for the puts.

30-day implied volatility is 14%.? ?10-day implied volatility is 9%.? 30-day implied volatility is trading above the 10-day historical volatility.

Consolidated Edison, Inc. (Con Edison) is a holding company, which owns Consolidated Edison Company of New York, Inc. (CECONY).