Today paper traded 6000 EBAY Nov 52.5 calls for 4.60.Volume went up in one large block with the calls marked buy-write with stock going up concurrently.
Calls roll in LEN- giant roll going up
Shares of Lennar Corp. (LEN) are down .20 to 39.21 today.? The stock is near the upper end of the 52 week range.
Today paper traded the LEN Nov/Jan 2015 40 call spreads for 1.85. ?
- The ADV is 5779 contracts.
- The OI is 25488 in Nov and 2500+ in Jan 2015.
Volume went up in two giant blocks. This trade looks like a roll of a long call position in LEN from Nov to Jan 2015.? LEN did well after earnings but has since pulled back so the investor is looking for more time.? The Nov calls marked as sell.
- 30-day implied volatility is 28%.
- 10-day implied volatility is 35%.
- 30 day implied volatility is trading below the 10 realized volatility.
Lennar Corporation is a homebuilder and a provider of financial services and through its Rialto Investments (Rialto) segment. The Company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments.
Puts trading in CSC- post earnings puts trade
Shares of Computer Sciences Corp. (CSC) are trading up .71 to 60.33. CSC is trading at the upper end of the 52 week range.
Today paper traded 2000 CSC Dec 55 puts for 1.25.?
- The ADV is 401 contracts.
- The OI is 210.
Volume went up in one block.? The trade is a post earning purchase and could be against stock.? 50000 shares went up at near the put block close to delta neutral.? This could be a protected long play, or backspread for CSC.
- 30-day implied volatility is 27%. ?
- 10-day implied volatility is 30%.
- 30 day implied volatility is trading below the 10 realized volatility
Computer Sciences Corporation (CSC) is engaged in the information technology (IT) and professional services industry.
Buy write trades in EBAY- taking advantage of the pop on news
eBay Inc. (EBAY) shares are up 3.62 to 56.27 today.? EBAY is in the middle of the 52 week range.
Today paper traded 6000 EBAY Nov 52.5 calls for 4.60.?
- The ADV is 46k contracts.
- The OI is 17k contracts.
Volume went up in one large block.? The calls marked buy-write with stock going up concurrently.? The paper is most likely a fresh buy write looking for short term yield.? The stock is showing marked 56.30 for .80 over parity or a 1.4% yield through Nov.
- 30-day implied volatility is 29%.??
- 10-day implied volatility is 15%.?
- 30 day implied volatility is trading above the 10 day realized volatility
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. The Company by providing online platforms, tools and services to help individuals and small, medium and merchants around the globe engage in online and mobile commerce and payments, the Company can facilitate transactions.