Shares of Scientific Games Corp. (SGMS) are down.05 to 9.15 today. ?SGMS is trading near the bottom of the 52 week range.
Today paper traded 2501 SGMS Oct 10 calls for 1.05. ?The ADV is 647 contracts.? The OI is less 2609 contracts.
The volume went up in 1 block.? Trade on the strike is over 3100 contracts with near all of it trading on or near the offer.? Small lots traded $1.00 then slowly bid the other exchanges in size until the volume jumped over 3000.? The trade should be buy to open even with the heavy open interest.? The trader is looking for a bounce off of 52 week lows.
30-day implied volatility is 51%.?? 10-day implied volatility is 35%.? 30 day implied volatility is trading above10 Day Historical volatility.
Scientific Games Corporation (Scientific Games) is a global supplier of solutions to lottery and gaming organizations worldwide.