Shares of St Jude Medical, Inc. (STJ) are up 1.05 to 66.14 today. ?STJ is near the top of the 52 week range.
Today paper traded 1598 STJ Jul 70 calls for .68. ???The ADV is 1520 contracts.? The OI is 11673 contracts.
The volume went up in 1 large block.? The call also trade .65 which at the time lifted the offer.? Oct 75 calls traded .75-80 on decent volume.? Most of the call trading looked like buys.? The takeover in the medical device space is pushing the STJ calls higher or higher IV.? These trades look like spec buying on the 75s and possibly closing on the 70?s.?
30-day implied volatility is 25%.?? 10-day implied volatility is 10%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
St. Jude Medical, Inc. (St. Jude) develops, manufactures and distributes cardiovascular medical devices.