Unusual Options Trading Activity: Put spreads trade in RSX, buyer jumps into CTRL and giant butterfly trades in ADSK.
Put Spreads Trade In RSX- Looking For A Tank On Sanctions
Shares of Market Vectors Russia ETF (RSX) are down .57 to 24.50. ?RSX is near the middle of the 52 week range.
Paper traded 5400 RSX Oct 22/24 put spread for .55.
- The ADV is 16003.
- The OI is 548 and 1158.
The volume went up in two large blocks. The put spread as traded is bearish as the trader is looking for a drop in RSX. The possibility of sanctions might depress RSX a bit more.
- IV 30 is trading for 29.
- HV10 is trading for 42.
- IV 10 is trading over the HV 30.
Market Vectors Russia ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS).?
Calls Trade In CTRL- Buyer Jumps In
Shares of Control4 Corp (CTRL) are up .24 to 14.41. CTRL is in the lower end of the 52 week range.
Paper traded 582 CTRL Jan 17.5 calls for .85.
- The ADV is 528.
- The OI is 294 contracts.
The volume went up in 1 block. Total volume is on the strike is 1360 contracts with .85 standing bids. Some paper was paying up to .95 for these calls. Some Oct calls are trading on the offer. Paper here is looking for more upside. CTRL IV is trading at the upper end of the range.
- IV 30 is trading for 56.
- HV10 is trading for 25.
- IV 30 is trading over the HV 10.
Control4 Corporation (CTRL) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music, video, lighting, temperature, security, communications and other functionalities into a unified home automation solution.
Giant Butterfly Trades In ADSK- A Customer Looking For Upside
Shares of Autodesk, Inc (ADSK) are up .02 to 53.39 today. ADSK is in the upper end of 52 week range.
Paper traded a block 4900/9800/4900 ADSK Oct 55/60/65 butterflies for .75.
- The ADV is 6085.
- The OI is 11k/4k/20k respectively.
The volume went up in 3 giant blocks. The 3 legged trade went up as a butterfly spread with the 60 calls trading through the bid. The trade as priced looks like the customer is buying to open. Butterflies tend to be trades that benefit from a slow move up in the underlying. Essentially the customer is buying a cheap 55 call and looking for an upside move to $60.
- IV 30 is trading for 30.
- HV10 is trading for 13.
- IV 30 is trading over the HV 10.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers business solutions through technology products and services.