Shares of Banco Itau Holdings SA (ITUB) are trading lower to .59 to 16.24.? ITUB is trading in the middle of the 52-week range.
The ITUB Jun 17/19 put spread traded for $1.45 in a 5,000-lot block.? Average volume is 4,438 contracts per day.? Open interest is just over 5,000 contracts on the ITM strike.
The spread looks like long put holder of the 19 puts closing them for parity and buying the Jun 17 puts.? This trade is possibly rolling protection or taking profits on the slide down in ITUB.
30-day implied volatility is 31%.?? 10-day implied volatility is 36%.? 30-day implied volatility is trading below the 10-day historical volatility.
Itau Unibanco Holding SA is a Brazil-based holding active in the banking sector. The Company divides its activities into four segments: Commercial Banking; Insurance, Life, Pension Plans and Saving Bonds; Foreign Business; Consumer Credit, and Itau BBA.