Unusual Activity Alert: Revisiting a January Trade in Plug Power Inc. (PLUG)

Unusual Activity Alert: Revisiting a January Trade in Plug Power Inc. (PLUG)

Shares of Plug Power Inc. (PLUG) are up 1.61 to 9.85 today.? PLUG is making a 52 week high.

Today paper traded 4000 PLUG Apr 3 calls for 6.6.? ADV is 18497 contracts.? The OI is 2179 contracts.

The calls traded as two blocks both lifting the offer.? The buys are opening and the volume today in PLUG is over 300k contracts.? The calls did not go up as spread so most likely they are a flat out buy looking for higher prices.? We looked at PLUG in Jan when the ADV was 2k contracts per day.

From Jan-

?The volume went up in in two blocks just off the bid.? The paper is most likely a close but volume on the strike is 10577 today and by far the most active strike.? PLUG is on a run that UA has been report since Nov.? IV30 is up 30 points today.?

30-day implied volatility is 189%.? ?10-day implied volatility is 163%.? 30 day implied volatility is trading below the 10 Day Historical volatility.

Plug Power Inc. (Plug Power), is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of fuel cell systems for the industrial off-road (forklift or material handling) market.?