Shares the SPDR S&P 500 Trust (SPY) are down 1.28 to 183.42 today.? SPY is in the upper end of the 52-week range.
Today paper traded 29,000 SPY Jan 184 puts for 1.95.? The ADV is 2.4 million contracts.? The OI is 64,000 contracts.
The volume went up in one block that was marked as buy-write.? The puts went up on the offer and the trade that makes more sense is a straight put buy or tied to stock on a ratio.? There is relatively low OI for the SPY on this strike so it looks like a trader is betting on a big move soon.
30-day implied volatility is 11.8%.? ?10-day implied volatility is 8.9%.? 30-day implied volatility is trading above the 10-day historical volatility.
SPDR S&P 500 ETF Trust (the Trust) is an exchange traded fund.?