Puts trade in LQDT
Shares of Liquidity Services Inc. (LQDT) are down 2.26 to 20.08 today. ?LQDT is making a 52-week low.
Today paper traded 216 LQDT Apr 17.5 puts for .60-.65.? The ADV is 626 contracts.? The OI is 35 contracts.
The volume went up in two midsize blocks.? Trade jumped on the strike to 935 contracts with the puts trading at lower levels now.? The early paper was very close to the offer as the markets were moving fast this morning on the lower opening. Most likely this was opening buys. The Apr IV is down 11 points so this could be pre-announcement news and the early puts buyer are taking loses.
30-day implied volatility is 75%.?? 10-day implied volatility is 80%.? 30-day implied volatility is trading below the 10-day historical volatility.
Liquidity Services, Inc. (LQDT) is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.