Shares of Verso Paper Corp. (VRS) are even at 2.00 today. ?VRS is near the middle of the 52 week range.
Today paper traded 9500 VRS Dec 2.5 calls at .20-.25.? ?The ADV is 1034 contracts.? The OI is 10397.
The volume went up in two blocks.? Total volume on the day is 11000+ with traders selling in more scattered sizes.? With the volume over the OI now this could be additional paper which is most likely a continuation of a buy write strategy.? The yield is pretty good at over 10% through Dec expiration.
30-day implied volatility is 80%.?? 10-day implied volatility is 88%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Verso Paper Corp. (Verso Paper) is a holding company.?