400 SHAK Mar03 35 puts went up in 2 blocks on the AMEX and CBOE. 

Shares of Shake Shack Inc. (SHAK) are down 1.00 to 25.12 today. SHAK is near the middle of the 52 week range.

• Paper traded 400 SHAK Mar03 35 puts for .13 and .14. 
• The ADV is 1835 contracts. 
• The OI is 703 contracts.

The volume went up in 2 blocks on the AMEX and CBOE.Over 1000 puts traded where early buyer seem to have gotten lucky as SHAK drifts lower today.While these puts could be closing, there is new paper buying them..30 midpoint now.

• IV 30 is trading for 31%.  
• HV10 is trading for 25%. 
• IV 30 is trading above the HV 10.

Shake Shack Inc. operates roadside burger stands.