6400 CREE May 25 puts went up in 1 block on the PHLX

CREE

Shares of Cree, Inc. (CREE) are down 1.58 to 24.82 today.? CREE is near the middle of the 52 week range.

  • Paper traded 6400 CREE May 25 puts for 1.10. ??
  • The ADV is 2680 contracts.?
  • ?The open interest is 44 contracts.

The volume went up in 1 block on the PHLX.? This block of options wen up after several trades for 1.06 on many exchanges.? The opening put buy looks bearish in nature and as of this post the puts are trading 1.50.

  • IV 30 is trading for 46%.?
  • HV10 is trading for 21%.?
  • IV 30 is above the HV 10.

Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.