Interesting Call Trading in GT Solar International Inc. (GTAT)

GT Solar International Inc. (GTAT) was down .03 to 3.41 today.  GTAT is trading close to its 52-week low of 2.82.

Paper traded a large volume of the GTAT Jun 5 calls for .45- .55 on scattered blocks.  Total volume on the strike was 13,811.  Average contract volume is over 613 contracts per day in the name.  Open interest is over 1,900 contracts in the strike.  The implied volatility is up 16 points in Jun to over 109% IV. This trade looks to be a large buyer of opening paper driving up the IV.
30-day implied volatility is 114%.   10-day implied volatility is 52%.  30-day implied volatility is trading well above the 10 day historical volatility.

GT Advanced Technologies, Inc. provides semi-custom and specialty process equipment. The Company designs and manufactures fabrication equipment for the semiconductor and other materials processing industries.

About Andrew Giovinazzi

Andrew Giovinazzi was a member of both the Pacific Exchange and the Chicago Board Options Exchange where he made markets in both equity and index option classes. During that period he never had a down year. In 1991, Andrew started and ran the Designated Primary Market Maker post for Group One, ltd in Chicago. He was instrumental in creating and managing a training program that allowed Group One, ltd. to significantly grow the company. He left Group One, ltd. to co-found Henry Capital Management in 2001. He became Chief Options Strategist of Option Pit Mentoring in the Fall of 2011. Andrew has a Bachelor's degree from the University of California, Santa Cruz in Economics. To learn more about Option Pit and their mentoring services, please visit: http://www.optionpit.com/mentoring