Sears Holdings Spiking Nearly 7%

There is no reason for the catalyst, but shares of Sears Holdings Corporation SHLD are spiking nearly 7% on light volume. The June 75 puts are active on total put volume of 7K contracts (4K calls). June, July and October put option implied volatility of 47 is an above its 26-week average of 32 according to Track Data. At last check, shares of Sears Holdings were trading at $72.65, up $4.30‎ or 6.29%‎ on less than 300,000 shares. Sears Holdings Corporation operates as a broadline retailer in the United States and Canada.