Paychex (PAYX) April puts volume suggesting bearish hedges as shares near record high into Q3

Paychex (PAYX) April 57.50 and 60 puts are active on total put volume of 4,600 contracts (1,900 calls) into the expected release of Q3 results on March 28. April call option implied volatility is at 21, May is at 18; compared to its 52-week range of 14 to 24.

You May Also Be Interested In

• AbbVie (ABBV) April weekly option implied volatility into quarter results
• New York Community Bancorp (NYCB) April weekly option implied volatility into quarter results
• PENN Entertainment (PENN) call put ratio 10 calls to 1 put with focus on April weekly 19.50 calls