Part one in today?s unusual options trading activity has closing puts in NOAH, more buy-writing in TFM, and 1000-lot trade in RLD.
Puts trade in NOAH- looks like a close
Shares of Noah Holdings Ltd. (NOAH) are up .57 to 15.29.? NOAH is near the low end of the 52 week range.
Today paper traded 5000 NOAH Oct 12.5 puts at .20-.25. ?
- The ADV is 494 contracts.?
- The OI is 5551.
Volume went up in two blocks.? Traders put up the blocks on the AMEX close to and hitting the bid.? NOAH has just come off a drop and there could be some profit taking on these options.? Most likely they were selling to close as the downside move has started to turn.
- 30-day implied volatility is 49%.??
- 10-day implied volatility is 81%.?
- 30 day implied volatility is trading above the 10-day realized volatility.
Noah Holdings Limited, through its subsidiaries is a service provider focusing on distributing wealth management products to the high net worth population in the People?s Republic of China (PRC).
Calls trade in TFM- more buy writing on an up day
Shares of The Fresh Market Inc. (TFM) are up 2.35 today to 32.79.? TFM is near the bottom of the 52 week range.
Today paper traded 1450 TFM Dec 35 calls for 1.65/1.70.?
- ADV is 660 contracts.?
- OI is 353 contracts.
Volume went up in 2 blocks marked spread.? There was not counter-side to the calls so they could have gone up with stock. The calls traded on and near the bid so this looks like paper consistent with a buy write subsequent to earnings.
- 30-day implied volatility is 31%.??
- 10-day implied volatility is 31%.?
- 30 day implied volatility is trading at the 10-day realized volatility
The Fresh Market, Inc., (The Fresh Market) is a specialty retailer. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods.???????????
Calls trade in RLD- just a 1000-lot trade
Shares of RealD (RLD) are down .06 to 9.10. ?RLD is in the middle of the 52 week range.
Today paper traded 1000 RLD Nov 10 calls at .50.
- ADV is 202 contracts.?
- OI is 2277 contracts.
Volume went up in 1 block.? The paper is consistent with a buy write but there is some open interest which could be closing a long call.? This would be worth the checking the OI on Monday as the yield is not bad on this one at 5.5% without the equity appreciation until Nov.
- 30-day implied volatility is 44%.??
- 10-day implied volatility is 27%.?
- 30-day implied volatility is trading above the 10-day realized volatility
RealD Inc. is a licensor of three dimensional (3D) technologies. The Company’s property portfolio is used in applications that enable a 3D viewing experience in the theater, the home and elsewhere.