Shares of Montage Technology Group (MONT) are up .11 to 21.98. MONT is near the upper end of the 52 week range.
Today paper traded 428 MONT Mar 20 calls for .25.? ADV is 568.? The OI is 2201 contracts.
The paper went up in multiple blocks with the buyers paying as little as .10 all the way up to .35 as off this writing.? IV skyrocketed in the Mar cycle from near nothing to 125%.? The Mar 22.5 calls are trading as well and this could be closing paper based on the volume.? Options that look like they might be left to go out worthless suddenly caught a bid.? Check the OI tomorrow for follow through.? If opening, paper is expecting a size move in the coming days.? The total volume on the puts is roughly 2680 so there is more put buying than open interest.? There is relatively small history for this name.
30-day implied volatility is 65%. ? 10-day implied volatility is 90%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Montage Technology Group Limited is a global fabless provider of analog and mixed-signal semiconductor solutions addressing the home entertainment and cloud computing markets.