Shares of IAMGOLD Corp (USA) are down .13 to 3.37 today.? IAG is at the bottom of the 52 week range.
Today paper traded 104275 IAG Sep 3 puts for .23 and 94245 Jun 3 puts at .06.? The ADV is 3350 contracts.? The OI is 94576 in Jun and 761 in Sep.
The volume went in two giant blocks.? The put spread was a roll from Jun to Sep where the customer is picking up .06 to close a Jun 3 put.? The rationale for the trade is that the trader wants to be protected below $3 which is near the 1 year lows.? The IV on the giant roll did not cause much of a stir in IV.
30-day implied volatility is 46%.?? 10-day implied volatility is 31%.? 30 day implied volatility is trading above 10 Day Historical volatility.
IAMGOLD Corporation (IAMGOLD) is a mining company.?