Options Alert: Copart Inc.
Copart Inc. (NASDAQ: CPRT) is reporting earnings after the close today. CPRT usually trades few options, but on Monday 1567 October $25 puts traded versus open interest of 248.
The implied volatility of these puts increased from 31 to 45. For these puts to go in the money, the stock would have to drop 10 percent.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.