Shares of Fossil Group Inc. (FOSL) are down .82 to 103.51. ?FOSL is in the lower end of the 52 week range.

Today paper traded the FOSL Aug 109/115 call spread on a 250/750 ratio for .10. ?The ADV is 2015 contracts.? The OI is 7 and 859 contracts.

The volume went up in 2 blocks marked spread.? This trade is an earnings play to finance the upside on the 109 calls.? Several other spreads went up although the intent is not clear on those.? The trader is looking for a price on FOSL so around 115 to be successful.

30-day implied volatility is 36%.?? 10-day implied volatility is 27%.? 30 day implied volatility is trading above the 10 realized volatility.

Fossil Group, Inc., formerly Fossil, Inc., a global designer, marketer and distributer company that specializes in consumer fashion accessories.