Shares of Silicon Motion Technologgy Co. (SIMO) are up .51 to 16.62. SIMO is trading near the top of the 52 week range.
Today paper traded 740 Jul 17.5 call for .40. ?The ADV is 286 contracts.? The OI is less 20 contracts.
The volume went up in one block.? Trade on the strike is over 2500 contracts with most of the paper trading near the offer.? The .40 trade looks good as the options are changing hands for .55.? Looks like a straight bullish opening paper on most of the volume.
30-day implied volatility is 36%.?? 10-day implied volatility is 24%.? 30 day implied volatility is trading above10 Day Historical volatility.
Silicon Motion Technology Corporation (SMTC) is a holding company.