Puts Trade In TPH – Possible Put Close
Shares of the TriPointe Homes (TPH) are down 14 to 13.70 today.? TPH is near the lower end of the 52 week range.
Today paper traded 400 TPH Jan 2015 15 puts for 1.55.? The ADV is 1121 contracts.? The OI is 1555 contracts.
Volume went up in 1 block.? Options went up on the offer with this customer buying.? Puts traded 1.60 and 1.55 with the seller trading though the bid at one point.? The IV in Jan is down so this buyer was lifting a short term aggressive offer for these puts.? The puts are priced 1.75 now.? Overall this looks like a long put holder bailing on the lows in TPH and a new buyer stepping in.
30-day implied volatility is 41%.?? 10-day implied volatility is 40%.? 30 day implied volatility is trading above the 10 day realized volatility
Tri Pointe Homes, Inc., formerly TRI Pointe Homes, LLC, is engaged in the design, construction and sale of single-family homes in planned communities in metropolitan areas located throughout Southern and Northern California.
Call Spreads Trade In LUV – Possible Call Spread Close
Shares of Southwest Airlines Co. (LUV) are up .13 to 34.71 today.? LUV is near the top of the 52 week range.
Today paper traded 4000/8000/4000 LUV Nov 33/37/39 spreads for 1.30.? The ADV is 8600 contracts.? The OI is 13k, 17k and 29 contracts.
Volume went up in 3 blocks.? The trade went up in double volume with like size going up again.? The end result looks like a roll out of the 33/37 call spread and into the 37/39 call spread.? This is one to check the OI tomorrow but earnings are coming out on the morning of the 23rd.? The trade does feel like a call spread trader rolling up for more upside.
30-day implied volatility is 42%.?? 10-day implied volatility is 58%.? 30 day implied volatility is trading below the 10 day realized volatility
Southwest Airlines Co. operates Southwest Airlines and AirTran Airways, passenger airlines that provide scheduled air transportation in the United States and near-international markets.
Calls Trade In TGTX – Possible Buy Writes
Shares of TG Therapeutics Inc. (TGTX) are down .12 to 9.96 today.? TGTX is near the upper end of the 52 week range.
Today paper traded 2000 TGTX Feb 10 calls at 2.80.? The ADV is 443 contracts.? The OI is 1030 contracts.
Volume went up in two blocks.? The trade volume looks like a call seller with an existing stock position.? There appears to be closing activity in the Nov 10s.? Neither of these trades are marked spread but went up on the ISE near the same time.? Overall the trade is consistent with call overwriting activity.
30-day implied volatility is 103%.?? 10-day implied volatility is 32%.? 30 day implied volatility is trading above the 10 day realized volatility
TG Therapeutics, Inc., formerly Manhattan Pharmaceuticals, Inc., is a clinical-stage biopharmaceutical company focused on the acquisition, development and commercialization of pharmaceutical products for the treatment of cancer and other underserved therapeutic needs.