IAC Interactive Corp. (IACI) is down .72 to 68.12. ?IACI is near the middle of the 52-week range
Today paper traded 1000 IACI Oct 75/90 call spreads for 2.70-2.95 today. The ADV is 1297 contracts.? The OI is 585 and 185 contracts.
The volume went up in many blocks. The trade was trying to fill on two exchanges with difficulty getting a single price in a relatively illiquid name.? The low side strike was leaning toward the offer with the upside strike leaning toward the bid.? The call spread looks buy giving the IV a .66 push this morning.? The trade is bullish in nature if that is the case
30-day implied volatility is 41%.?? 10-day implied volatility is 25%.? 30-day implied volatility is trading above the 10-day historical volatility.
IAC/InterActiveCorp (IAC) is a media and Internet company.?