Shares of American Realty Capital Properties (ACRP) are down .01 to 12.64 today. ??ARCP is near the bottom of the 52-week range.
Today paper traded 4600 ARCP Jan/Mar 12.5 call spreads for .40.? The ADV is 1366 contracts.? The OI is 8145 in Jan and 174 in Mar.
The volume traded in two blocks rolling a call position in Jan to Mar.? The Mar position is marked buy and opening on low OI with the Jan most likely closing.? ARCP has been bouncing around 12.5 for 3 months so it looks like the trader has not been able to make this work yet. ?
30-day implied volatility is 21%.? ?10-day implied volatility is 10%.? 30-day implied volatility is trading above the 10-day historical volatility.
American Realty Capital Properties, Inc. is a real estate investment trust (REIT). The Company owns and acquires single-tenant, freestanding commercial real estate primarily subject to medium-term net leases with credit quality tenants.