Shares of Open Text Corp. (OTEX) are trading up 5.88 to 62.14.? The stock is trading at a 52 week high.
Today traded the OTEX May/Nov 60 put spread for 4.35 2312x.?? Average volume is 288 contracts per day.? Open Interest is 3541 contracts in May and 0 in November.
The trade looks like customer trying to roll a large position with the May 60 puts being an existing long protective trade that has been on for a period of time.? The November IV is up by 1.7 points today.? The volume went up in scattered blocks to fill besides the large block with May IV is down 10 points to 25.75
30-day implied volatility is 25%.?? 10-day implied volatility is 19%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Open Text Corporation (Open Text) is engaged in providing a suite of information management software products. The Company builds software that allows companies to organize and manage their content, collaborate with business partners, and address regulatory and business requirements associated with information management.
Do you want to learn more about unusual options trading activity? Then the Unusual Options Activity Forum is for you:
When: Wednesday, May 15
Time:? 2:00 p.m.
Where: The Chicago Board Options Exchange, 400 South LaSalle Street, Chicago, IL 60605
Price: $99
What Will You Learn?
Attendees of this one-of-a-kind event will learn:
- The specific tools, strategies, and techniques used by options experts to identify unusual options trading activity
- How to filter out meaningful trades from the sea of noise in the options market
- How to successfully incorporate unusual activity information into your options trading
- How to avoid the costly mistakes made by many traders when analyzing unusual options activity.
What Will You Get?
- A Rare, Guided Tour of the Historic Chicago Board Options Exchange Trading Floor ? Including the Apple, Google, SPX & VIX Trading Pits (street price: unavailable to the public)
- One Free Month of Option Vision ? ?A unique 3-D charting platform designed to hunt down unusual options activity (street price: $99)
- One Free Month of OptionAlert ? The leading option flow monitor and unusual activity analysis tool (street price: $150)
- One Free Month of Livevol Pro ? The premiere analytics platform for professional options traders (street price: $199)
- Free Copy of The Options Traders? Hedge Fund (street price: $40)
- One Free Month of Option Pit Live ? Option Pit Live is designed to feed option traders the best actionable options trading content on the web. (street price: $125)
- One Free Month of Market Taker Group Coaching ? Let the pros at Market Taker Mentoring improve your options trading. Receive professional daily group mentoring sessions for one month ? including 20 trade ideas each session. (street price: $332)