Shares of Sunedison Inc. (SUNE) are up 2.36 to 20.98 today.? SUNE is making a 52-week high.
Today paper traded 49767 and 38000 SUNE Apr 22 and 20 calls for 1.35 and 2.10. ADV is 24438 contracts.? The OI is 589 and 53634 contracts.
The volume went in two giant blocks. The trade is most likely a roll closing the 20 calls for a profit and buying more 22 calls with some of the proceeds.? The 22 strike traded way outside the market at the time and the Apr IV is up 2 points right now.? The customer looks like they want to stay long.
30-day implied volatility is 66%.? ?10-day implied volatility is 54%.? 30 day implied volatility is trading above the 10 Day Historical
SunEdison Inc, formerly MEMC Electronic Materials, Inc is engaged in the development, manufacture and sale of silicon wafers. The Company is a developer and seller of photovoltaic energy solutions.