Shares of Quanta Services (PWR) are trading higher on the session by 1.15%, at $26.28. The stock has been moving consistently higher over the past year, albeit in a volatile manner over the past three weeks.
With huge pop on better than expected earnings in the books, one trader is selling upside on PWR today. The December $27.00 call was sold 2,500 times, on the bid, for $0.45. Given the current open interest of 24 contracts, this is clearly new positioning.
Overall call volume is now running at 7x normal volume with 2,510 contracts traded.
30-day implied volatility is off 2.1% today to 24.56%, while 10-day realized vol is registering 52.33%.
Quanta Services, Inc. is a provider of specialty contracting services, offering infrastructure solutions to the electric power, natural gas and oil pipeline and telecommunications industries.