Shares of Big Lots, Inc. (BIG) are up .76 to 38.12 today.? BIG is near the top of the 52 week range.
Today paper traded 1000 BIG Jul 32.5 puts at .35. ??The ADV is 1774 contracts.? The OI is 250 contracts.
The volume went up in 1 block.? A put seller is taking a stance at 32.5 prior to the earnings and is betting the results are going to be good.? This is a mildly bullish play in BIG to open.
30-day implied volatility is 41%.? ?10-day implied volatility is 24%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Big Lots, Inc., through its wholly owned subsidiaries, is a North America’s closeout retailer.?