Large Ratio Call Trade In EWZ, Diagonal Call Spreads Go Up In YRCW,? Put And Stock Roller In CSH

 

Calls Trade In EWZ – Large Ratio Call Trade Versus Stock

Shares of iShares MSCI Brazil Index (EWZ) is up 2.28 today to 42.11.? EWZ is in the middle of the 52 week range.

Today paper traded 20000 EWZ Nov 48 calls for 1.03.? The ADV is 161k contracts.? The OI is 39936 contracts.

Volume went up in 1 giant block. The options traded a .02 off of the existing offer at the time while the trade went up as a buy write.? 500000 shares did go up below the bid so the client could be unwinding a successful straddle type position with the rally this morning in EWZ.

30-day implied volatility is 58%.?? 10-day implied volatility is 59%.? 30 day implied volatility is trading below the 10 day realized volatility

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index).

 

Possible Forward Roll In YRCW – Diagonal Call Spreads Go Up

Shares of the YRC Worldwide Inc (YRCW) is down .12 to 17.84 today,? YRCW is near the middle of the 52 week range.

Today paper traded YRCW Apr 20c/Jan 2016 25 calls for .25.? The ADV is 1937.? The OI is 42 In Apr and 8053 in Jan 2016.

Volume went up in 2 large blocks. The trade is more buying the Apr and selling the Jan 2016.? This diagonal trade, if both opening is slightly bullish and meant to be net short vega.? The trader is looking for a longer term lift if YRCW if straight opening.

30-day implied volatility is 73%.?? 10-day implied volatility is 63%.? 30 day implied volatility is trading above the 10 day realized volatility

YRC Worldwide, Inc. operates as a holding company. The Company, through its subsidiaries, provides transportation services.

 

Put Roller In CSH – Put And Stock Roller

Shares of Cash America International (CSH) are down .30 to 45.45.? CSH is at the upper end of the 52 week range.

Today paper traded 5000 CSH Dec/ Mar 45 puts for 2.00.? The ADV is 366 contracts.? The OI is 5512 and 96 contracts.

Volume went up in two large blocks.? The trade volume looks like a roll from Dec to Mar with the client most likely owning stock and keeping some ATM protection.? For now they are willing to pay a large pct. of the underlying price for protection.

10 Day Realized Volatility is 29%.? 30 Day Implied Volatility is 25%.? 30 Day IV is trading above the 10 day realized volatility

Cash America International, Inc. provides specialty financial services to individuals through retail services locations and through electronic distribution platforms known as e-commerce activities.