Today’s unusual activity includes: upside call love in ITUB, early bids lifted in RSX, and aggressive put buying in COMM.
Puts filled in RSX- Looks like an early .10 bid was filled
Shares of The Market Vectors Russia ETF (RSX) are down .39 to 24.17 today.? RSX is near the middle of the 52 week range.
Today paper traded 63295 RSX Sep 26 Weekly 22.5 puts for .10. ?
- The ADV is 16416 contracts.
- The OI is 6853 contracts.
Volume went up in many large blocks.? ?A .10 bid lifted the offer and posted at the time where subsequent volume hit the .10 bid on multiple exchanges until the volume hit 63000+ contracts.? There was a bit of a cage match as the .10 buy got filled by .10 sellers.
- 30-day implied volatility is 30%.
- 10-day implied volatility is 41%.
- 30-dayday implied volatility is trading above the 10-day realized volatility.
Market Vectors Russia ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS). DXRPUS is a modified market capitalization-weighted index consisting of publicly traded companies that are domiciled in Russia.?
Puts trade in COMM- aggressive put buying in here
Shares of Commscope Holding Co. (COMM) are down .46 to 24.72 today. ?COMM is near the upper end of the 52 week range.
Today paper traded 1410 COMM Sep 25 puts for .50-.70.?
- The ADV is 268 contracts.
- The OI is 519 contacts.
Volume went up in small, steady pieces.? Most of the volume was buying as the implied volatility went up 16 points in Sep.? The put buyers are looking for lower prices in COMM with some of them trading though the offer at the time.? This does fit the profile of a newsletter put buy.
- 30-day implied volatility is 31%.
- 10-day implied volatility is 26%.
- 30-day implied volatility is trading above the 10-day realized volatility
CommScope Holding Company, Inc. is a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks.
Calls trade in ITUB
Shares of Itau Unibanco Holding SA (ITUB) are up .02 to 15.87 today. ?ITUB is trading near the middle of the 52 week range.
Today paper traded 3000 ITUB Dec 19 call for .2-.25 today.?
- The ADV is 1858 contracts.
- The OI is 1509 contracts.
Volume went up in two large blocks on the PHLX.? The two trades went up in split prices closer to the offer.? Most likely the client was buying calls for a straight upside spec.? ITUB would have to make a big move higher for these calls to jump in value.? There was not enough block volume for a buy write on this one.
- 30-day implied volatility is 34%.
- 10-day implied volatility is 40%.
- 30-day implied volatility is trading below the 10-day realized volatility
Itau Unibanco Holding SA is a Brazil-based holding active in the banking sector. The Company divides its activities into four segments: Commercial Banking, which offers retail banking and legal entities customers services, among others; Itau BBA, which offers products and wholesale services for companies as well as investment banking activities; Consumer Credit, which provides financial products and services such as checking accounts, auto loans and credit card transactions, among others.