Puts trade in SID
The Companhia Siderugica Nacionale (SID) is up .07 to 4.37 today. SID is in the middle of the 52-week range.
Today paper traded 8000 SID Sep 4 puts at .30.? The ADV is 908 contracts.? The OI is 154 contracts.
The volume went in one large block.? The trade went up close to the bid and looks like a put sale to possibly take the underlying.? The puts are still .30 bid as of this writing with this trade looking like a straight up bullish play.
30-day implied volatility is 44%. ?10-day implied volatility is 30%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Companhia Siderurgica Nacional (SID) is a Brazil-based company primarily engaged in the steel industry.