Puts roll in CLF- big put roller is switching gears
Shares of Cliffs Natural Resources Inc. (CLF) are trading down 1.12 today to 12.87.? CLF is making a 52 week low.
Today paper traded 11806 CLF Nov 13 puts at 1.27 and 6000 CLF Oct 18 puts at 4.90. ?
- The ADV is 27282 contracts.
- The OI is 20124 in Oct and 5730 in Nov.
Volume went up in 2 large blocks.? ?The 6000 puts went up .14 below parity which usually indicates a sale to take down that much volume.? The customer is changing course from the long put as selling the Nov 13 puts.? It appears they went from a short position to a long one with house money.
- 30-day implied volatility is 53%.
- 10-day implied volatility is 43%.
- 30-day implied volatility is trading above the 10-day realized volatility.
Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal.
Risk Reversal goes up in IWO- debit risk reversal to get long
Shares of iShares Russell 2000 Growth Index (IWO) are down 2.10 to 132.08 today. ?IWO is in the middle of the 52 week range.
Today paper traded 1260 IWO Oct 125/136 combinations for .55.?
- The ADV 838 contracts.
- The OI is less than 500 contracts.
Volume went up in 2 big blocks.? The trade is bullish in nature buying upside calls partially financed by downside puts.? For right now the trade is under water as the trader is looking for a jump in IWO into the Oct cycle.
- 30-day implied volatility is 20%. ?
- 10-day implied volatility is 15%.
- 30-day implied volatility is trading above the 10-day realized volatility
iShares Russell 2000 Growth ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index).
Call buyers in SOCL
Shares of Global X Social Media Index ETF (SOCL). ?SOCL are trading near the middle of the 52 week range.
Today paper traded 2418 SOCL Oct 20 calls for .40.?
- The ADV is 543 contracts.
- The OI is 10496 contracts.
Volume went up in 1 big block.? The total volume is over 4461 with most of that paper buying options for .40.? Currently the .40 offer is gone.? With the high open interest this customer is most likely closing and taking the pull back to do it.? This is worth checking the OI on Tuesday to make sure.
- 30-day implied volatility is 27%.
- 10-day implied volatility is 25%.
- 30-day implied volatility is trading above the 10-day realized volatility
The Global X Social Media Index ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Social Media Index.? GOOG is the largest holding.