Shares of Neptune Technologies (NEPT) are up .02 to 2.35 today. ?NEPT is in the bottom of the 52 week range.
Today paper traded 6000 NEPT Jun 3 calls for .05. ?The ADV is 423 contracts.? The OI is 12882 contracts.
The volume went up in 1 block.? There is still substantial open interest so the trader looks like they are closing most likely covering a short.? If they were long the calls they would stay in them a little longer with just a .05 and no hope of making money.
30-day implied volatility is 64%.?? 10-day implied volatility is 44%.? 30 day implied volatility is trading above 10 Day Historical volatility.
Neptune Technologies & Bioressources Inc. (Neptune) is a biotechnology company.