Shares of Universal American Corp. (UAM) are up .20 to 8.44 today.? UAM is in the middle of the 52 week range.
Today paper traded 4444 UAM Jan 10 calls for .55.? The ADV is 4 contracts.? The OI is 10.
The volume went up in 1 large block.? Market width in these options was .40 with the buyer paying the offer.? Total volume is now 7501 with the IV jumping 8 points in Jan.? Looks like a very spec upside buy.
30-day implied volatility is 47%. ? 10-day implied volatility is 23%.? 30 day implied volatility is trading above the 10 realized volatility
Universal American Corp., through its health insurance and managed care subsidiaries, primarily serves the growing Medicare population by providing Medicare Advantage products.?