Shares of Roundy?s Inc (RNDY) were down 1.61 to 4.85 yesterday. RNDY is at a 52 week low.

Yesterday paper traded 800 RNDY Sep 7.5 calls for .20. The ADV is 285 contracts.? The OI is 1105.

The volume went in two blocks. Volume on the strike was over 2200 contracts as buyer came in to scoop the calls.? Prices ranged from .15-.25 with many trading on the offer.? Traders must be looking for a big bounce by Sep even after potential short covering.

30-day implied volatility is 47%. ? 10-day implied volatility is 145%.? 30 day implied volatility is trading below 10 Day Historical volatility.

Roundy’s, Inc., formerly Roundy’s Parent Company, Inc., is a retail grocery company headquartered in Milwaukee, Wisconsin.