Shares of TENARIS SA (TS) are up .36 to 47.26 today.? TS is near the top of the 52 week range.
Today paper traded 1000+ TS Sep 50 calls for .90. ?The ADV is 406 contracts.? The OI is 1156 contracts.
The volume went up in scattered blocks.? The trades look like straight call buying with TS jump today along with the IV.? IV30 is up 3 points to 26.51 and 3000+ calls trade on the day on the strike with prices up to 1.05.
30-day implied volatility is 26%.?? 10-day implied volatility is 9%.? 30 day implied volatility is trading above the 10 realized volatility
Tenaris SA is a Luxembourg-based holding company engaged in the steel pipe manufacturing and distributing businesses.