Puts Trade In PMCS
PMCS-Sierra Inc. (PMCS) traded up .26 to 7.10 today.? PMCS is at the upper end of the 52 week range.
Today paper traded 3500 PMCS May 7 puts at .10. The ADV is 185 contracts.? The OI is 4681 contracts.
The volume went up in one block.? The trade looks like a close to sell after the move did not materialize.? However the puts are .15 bid as of this writing.? The .10 price? is a bit of a odd close considering the puts are ATM and there is two weeks to go to expiration.
30-day implied volatility is 33%.?? 10-day implied volatility is 24%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
MC-Sierra, Inc., is a semiconductor innovator transforming networks that connect, move and store digital content. The Company designs, develops, markets and supports semiconductor solutions by integrating its mixed-signal, software and systems through a network of offices in North America, Europe and Asia.