Shares of Mindray Medical International (MR) are up .05 to 30.80.? MR is near the bottom of the 52 week range.

Today paper traded 288 MR Aug 25 puts for .25.? The ADV is 203 contracts. The OI is 0 contracts.

The volume went up in 1 block.? Trade on the day is over 1900 contracts with buyer paying up and lifting the offer on the puts.? Paper here is looking for a lower price in MR.? This could be some hedging going into the earnings cycle but traders are looking for new lows here.

?30-day implied volatility is 40%. ? 10-day implied volatility is 20%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Mindray Medical International Limited (Mindray International), is a developer, manufacturer and marketer of medical devices worldwide.