Shares of HMS Holdings Corp. (HMSY) are down .01 to 17.54 today. ?HMSY is at the low end of the 52 week range.
Today paper traded 1000 HMSY Jun 15 puts for .35-.40. ?The ADV is 471 contracts.? The OI is 2463 contracts.
The volume went up in scattered volume blocks.? The paper was buying puts and lifted the IV up 2.7 points.? With the high open interest this was most likely closing since HMSY just bounced of $16 area lows in early May.? The traders don?t want to give up profits.
30-day implied volatility is 52%.?? 10-day implied volatility is 44%.? 30 day implied volatility is trading above 10 Day Historical volatility.
HMS Holdings Corp. (HMS) provides cost containment services to Government and private healthcare payers and sponsors. Its services ensure that healthcare claims are paid correctly, and its coordination of benefits services ensure that they are paid by the responsible party.