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.
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