Shares of Stillwater Mining Company are up .57 to 14.33 today.? SWC is making a 52-week high.
Today paper traded 10,000 SWC Apr 15 calls at .35.? ADV is 1998 contracts.? The OI is 3388 contracts.
The volume went in one giant block. The trade is most likely a cover call play on the 52 week high in SWC.? There is buying activity in the Mar 14 and 15 calls too which could be some covering.
30-day implied volatility is 36%.? ?10-day implied volatility is 20%.? 30 day implied volatility is trading above the 10-day historical
Stillwater Mining Company is engaged in the development, extraction, processing, smelting, refining and marketing of palladium, platinum and associated metals (platinum group metals (PGMs)) from a geological formation in south-central Montana, the J-M Reef, and from the recycling of spent catalytic converters.?