Shares of Fairchild Semiconductor Intl. (FCS) are up .26 to 16.03 today.? FCS is making a 52 week high.
Today paper traded 500 FCS Jul 16 calls for .60, 1000 FCS Aug 16 calls at .80 and 2000 FCS Aug 17 calls for 40-.45. ???The ADV is 460 contracts.? The OI is 540, 1139 and 8 contracts.
The volume went up in many large blocks.? The customer wanted to roll up to a higher strike, possibly taking profits on the 16 level options.? Most of the 16 level was marked to sell and the 17?s were marked to buy.? This looks like rolling up to take profits and stay long.? IV is up in Aug.
30-day implied volatility is 34%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Fairchild Semiconductor International, Inc. (Fairchild) is focused on on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a wide range of end market customers.