Big Lots (BIG) calls active on Barclay upgrade

Big Lots (NYSE: BIG) is recently up 2.6% following an upgrade to Overweight from Equal Weight at Barclays. BIG June 35 and October 35 calls are active on option implied volatility of 29, 31. Average option implied volatility over the last six-months is 34 according to Track Data, suggesting decreasing near term price movement.

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