Shares of NQ Mobile Inc. (NQ) are down .06 to 11.92 today. NQ is near the middle of the 52 week range.
Today paper traded 29000+ NQ May 6 puts for .10. ?The ADV is 22297 contracts.? The OI is 77177 contracts.
The volume went multiple scattered blocks.? .10 bids keep posting and getting filled throughout the day as the buyers keep coming in.? Most likely this is the large OI closing into earnings sometime in the May cycle.? Check the OI for confirmation tomorrow as it should drop by 1/3.? There is substantial Jun 6 put buying with IV going up 1 point.
30-day implied volatility is 159%.?? 10-day implied volatility is 93%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
NQ Mobile Inc. (NQ), formerly NetQin Mobile Inc., is a holding company.?