Norhtstar Realty Finance Corp. (NRF) is up 1.47 to 17.44 today. NRF is making a 52 week high.

Today paper traded 5000 NRF Jun 16 calls for 1.6-2.15. The ADV is 10190 contracts.? The OI is 9581 contracts.

The volume went in 2 blocks.? Trade for NRF is massive as the stock is a potential buyout candidate.? There is huge volume on the May 17 and 18 lines with mostly call buys across the board in small blocks.? IV30 is up to 51% which is near double from the close on Friday.? UA highlighted some buy write activity in NRF last week.

30-day implied volatility is 51%.?? 10-day implied volatility is 16%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

NorthStar Realty Finance Corp. is an internally managed real estate finance company. It originates, acquires and manages portfolios of commercial real estate debt, commercial real estate securities and net lease properties.