Unusual options trading activity: Giant combos roll in TTWO, calls look tasty in DNKN and a strange ratio put spread goes up in CDNS.
Giant Combos Roll In TTWO- Someone Looking To Stay Long
Shares of TakeTwo Interactive Inc (TTWO) are down .10 to 23.26. TTWO is near the top of the 52 week range.
Paper traded a spread on the TTWO Sep 13 puts 10800x for .02/ TTWO Sep 22 calls at 1.40 with the TTWO Mar 20 put and Mar 24 calls for 1.10 22,500x. The ADV is 2373. The OI is 12973 and 26340 in Sep and less than 400 contracts in the Mar strikes.
The volume went up in giant blocks at the same time all marked spread. The Sep position is closing the long call and short put and rolling out in size to the Mar position. This seems like a good long and looking for more time.
IV 30 is trading for 34. HV10 is trading for 28. IV 30 is trading over the HV 10.
Take-Two Interactive Software, Inc. is a developer, publisher and marketer of interactive entertainment for consumers worldwide. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. It?s products are designed for console gaming systems such as Sony’s PlayStation 3 (PS3), Microsoft’s Xbox 360 (Xbox 360) and Nintendo’s Wii (Wii) and Wii U (Wii U); handheld gaming systems such as Nintendo’s DS (DS) and Sony’s PlayStation Portable (PSP); and personal computers including Smartphone?s and tablets.
Calls Trade In DNKN- Calls Look Tasty Here
Shares of Dunkin Brands Group Inc. (DNKN) are up .19 to 46.54 today. DNKN is in the middle of the 52 week range.
Paper traded 5031 DNKN Dec 50 calls for .95. The ADV is 1798. The OI is 718 contracts.
The volume went up in 1 large block. A customer is paying the offer to get long. This is a flat out buy looking for a jump in the underlying going into the end of the year.
IV 30 is trading for 24. HV10 is trading for 13. IV 30 is trading over the HV 10.
Dunkin? Brands Group, Inc. (DBGI) is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream.
?Puts Trade In CDNS- A Strange Ratio Put Spread Goes Up
Shares of Cadence Design Systems Inc (CDNS) are up .14 to 18.09. CDNS is near the upper end of the 52 week range.
Paper traded 15000 CDNS Feb 17 puts for .65. The ADV is 1361. The OI is 100 contracts.
The volume went up in 1 giant block. The puts traded mid-market with the Feb 18 puts trading for 1.100 10000x. These puts went up on the same floor but at different times close to each other. Most likely this is some kind of ratio trade with the customer buying the Feb 17 puts since they are .65 bid coming out. In order for the trade to work CDNS would have to make a trip down. This is a strange ratio trade.
IV 30 is trading for 23. HV10 is trading for 9. IV 30 is trading over the HV 10.
Cadence Design Systems, Inc. (Cadence) develops electronic design automation (EDA), software, hardware, and silicon intellectual property (IP). Cadence licenses software and IP, sells or leases hardware technology and provides engineering and education services worldwide to help manage and accelerate electronics product development processes.