Shares of Quest Diagnostics Inc (DGX) are up 3.11 today to 58.08. DGX is in the middle of the 52 week range.
Today paper traded 700 DGX Aug 60/Nov 65 call spreads for .70.? The ADV is 2012 contracts.? The OI is 1695 and 0 contracts.
The volume went up in two blocks marked spread.? The trade is a buy writer rolling to a higher strike after positive news for DGX from the FDA.? UA activity highlighted a speculative call buy in the Apr cycle on the Apr 60 strike.? Those Apr calls went from .20 to .40 and the seller has yet to exit.? That means traders are looking for more upside as is the call roller.
30-day implied volatility is 24%.?? 10-day implied volatility is 15%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Quest Diagnostics Incorporated (Quest Diagnostics), is a provider of diagnostic testing, information and services, providing insights that enable patients and physicians to make healthcare decisions.