Shares of Six Flags Entertainment Corp (SIX) are up .38 to 42.10.? ?SIX is near the top of the 52 week range.

Today paper traded 3333 SIX Sep 35/40 call spreads for 4.20. ?The ADV is 628. ?The OI is 3490 in the 35 strike and 521 in the 40 strike.

The volume went up in two blocks.? Volume here is most likely close on the 35s and opening on the 40s.? The trader is rolling up a successful long call position.

?30-day implied volatility is 22%.?? 10-day implied volatility is 13%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Six Flags Entertainment Corporation (Six Flags) owns and operates regional theme, water and zoological parks.