Shares of Titan Machinery Inc. (TITN) are down .45 to 14.20. ?TITN is at the bottom of the 52 week range.
Today paper traded 235 TITN Dec 12.5 puts for 1.00. ?The ADV is 307 contracts.? The OI is 10 contracts.
The volume went up in one block.? Total trade on the strike is over 1000 as put buyers jumped into the preceding months as well. IV is up sharply as traders look for lower levels in TITN.? There was quite a lot of open interest in Sep as well so there were some short bets placed here.? Most of the buying is straight lifting the offer.
30-day implied volatility is 50%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 realized volatility
Titan Machinery Inc. owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company operates in three segments: Agriculture, Construction and International.