Shares of Nexstar Broadcasting Group, Inc (NXST) are up .24 to 46.07.? NXST is in the middle of the 52 week range.
Today paper traded 5000 NXST Jul 45 calls for 3.5 and 7459 NXST Jul 50 calls at 1.35.? The ADV is 803.? The OI is 1252 on the 45s and 11335 on the 50s.
The volume went up in 2 large blocks.? The volume is most likely opening on the two different trades as they were marked buy-write.? With the higher IV the customer is probably buying stock and selling calls to generate yield.? The trade is bullish but more a vol. sale than anything.
?30-day implied volatility is 55%.?? 10-day implied volatility is 21%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Nexstar Broadcasting, Inc. (Nexstar) is a television broadcasting and digital media company focused on the acquisition, development and operation of television (TV) stations and interactive community Websites in the United States.