Shares of King Digital Entertainment (KING) are up .05 to 21.92 today. KING is near the upper end of the 52 week range.
Today paper traded 2000 KING Nov 20 puts for 2.45.? The ADV is 2565 contracts. The OI is 632 contracts.
The volume went up in one large block.? The trade was marked as a buy-write which usually means tied to stock in some ratio.? The trader here is most likely buying puts and stock looking for a bigger move through the Nov cycle.? The volatility here is up across the term structure so no volatility ?Crush? for KING.
?30-day implied volatility is 70%.?? 10-day implied volatility is 82%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
King Digital Entertainment plc is an interactive entertainment company. The Company?s games include Candy Crush Saga, Pet Rescue Saga, Farm Heroes Saga, Papa Pear Saga and Bubble Witch Saga.