Shares of Perion Network Ltd (PERI) were down .24 yesterday to 10.16.? PERI is near the bottom of the 52 week range.
Yesterday paper traded 383 PERI May 10 puts at .40.? The ADV is 481 contracts.? The OI is 2300 contracts.
The volume went up in 1 block.? Puts on the strike traded over 4k contracts as sellers came in on balance to push down the implied volatility.? Earnings are next week on the 15th but premium sellers are taking advantage of year lows in PERI to sell puts.? IV was down 5 points yesterday.
30-day implied volatility is 58%. ? 10-day implied volatility is 34%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Perion Network Ltd is a digital media company.