Shares of Renewable Energy Group Inc. (REGI) are up .43 to 11.80 today.? REGI is in the middle of the 52 week range.
Today paper traded 1000 REGI Apr 10 puts for .25.? The ADV is 395 contracts.? The OI is 2497 contracts.
The volume went up in one big block and a 1 lot.? The paper paid up the full width of the spread and the trade could be closing paper with the higher OI.? REGI is up the below $10 in early Feb so the trader could be closing to take profits in a thinner market.? Check the OI tomorrow as earnings have already come out.
30-day implied volatility is 53%.? ?10-day implied volatility is 44%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Renewable Energy Group, Inc. is a producer of biodiesel in the United States.