Shares of Vulcan Materials Co. (VMC) are up 1.39 to 65.87 today. ?VMC is near the top of the 52 week range.
Today paper traded 1947 VMC Aug 65/Nov 70 call spreads for .20. ?The ADV is 497 contracts.? The OI is 3008 and 3820 contracts.
The volume went up in 2 blocks.? The VMC spread went up in several blocks on additional volume where the Aug looks selling to close and the Nov buying to open. The trader is rolling a winning position to Nov. and staying long VMC.
30-day implied volatility is 31%.?? 10-day implied volatility is 22%.? 30 day implied volatility is trading above the 10 realized volatility
Vulcan Materials Company, is a producer of construction aggregates primarily crushed stone, sand, and gravel.