Shares of Ashland Inc. (ASH) are up .17 to 108.15 today. ASH is trading near the top of 52 week range.
Today paper traded 12050 ASH Jul 105 calls and 19000 ASH Oct 110 calls for .70? ?The ADV is 1642 contracts.? The OI is 12000+ contracts in Jul and 215 in Oct.
The volume went up in two massive blocks.? A customer is rolling out of the Jul, selling to close and into the Oct.? The bias of the trade is bullish since the Jul was sell to close and the trader is rolling some winners up.
30-day implied volatility is 20%.?? 10-day implied volatility is 6%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Ashland Inc. (Ashland) is a global specialty chemical company that provides products, services and solutions throughout a variety of industries.