Shares of Fortress Investment Group LLC are up .24 to 7.34 FIG is in the middle of the 52 week range.
Today paper traded 3459 FIG Jan 2015 7 calls at .80-.90 and Jan 2016 7 calls for 1.3-1.5. ?The ADV is 1347 contracts.? The OI is 5600 and 7521.
The volume went up as spreads and straight volume.? Most of the volume on the Jan 2015 was selling and with the OI closing.? The Jan 2016s traded exactly the OI and is most likely closing with the early paper selling, posting an offer and getting filled.? The traders probably scooped cheaper calls and are unwinding on the price rise of the last two weeks.
?30-day implied volatility is 29%.?? 10-day implied volatility is 20%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Fortress Investment Group LLC (Fortress), is a global investment management firm. Its offering of alternative investment products includes private equity funds, liquid hedge funds and credit funds.