It looks like some upside buyers were left holding when early exuberance seemed to fade as RMTI pulled back from the 11.50 level this morning.
Calls trade in WAG- upside call buyers
Shares of Walgreens Company (WAG) are up 1.50 today to 61.25.? WAG is in the middle of the 52 week range.
Today paper traded 994 WAG Oct 31 Weekly 66 calls for .27.?
- The ADV is 40023 contracts.
- The OI is 28 contracts.
Volume went up in one block.? The trade is an upside call speculative buy.? Paper went up in blocks this AM as buyer flooded near the open.? For now WAG is around the same spot so whatever news that was expected has not materialized.
- 30-day implied volatility is 21%. ?
- 10-day implied volatility is 24%.
- 30 day implied volatility is trading below the 10 day realized volatility
Walgreen Co. (Walgreens) together with its subsidiaries, operates as a retail drugstore chain in the United States. The Company provides its customers with access to consumer goods and services, pharmacy, and health and wellness services in communities across America.
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Puts roll in MDR- looks like a house money roll
Shares of McDermott International (MDR) are down .25 to 5.04 today.? MDR is making a 52 week low.
Today paper traded 3000 MDR Nov 5/6 put spreads for .65.?
- The ADV is 1706 contracts.
- The OI is 5890 and 20804 contracts.
Volume went up in two blocks. ?The trade is most likely closing the Nov 6 puts and buying to open the Nov 5 puts.? There is giant open interest on the Nov 6 puts and the trader is likely to keep rolling.? The expectation from the position is lower prices for MDR.
- 30-day implied volatility is 47%. ?
- 10-day implied volatility is 33%.
- 30 day implied volatility is trading above the 10 day realized volatility
McDermott International, Inc. (MII) is an engineering, procurement, construction and installation (EPCI) company. The Company is focused on designing and executing complex offshore oil and gas projects worldwide.
Call buyers get stuffed in RMTI- looks like some upside buyers left holding
Shares of Rockwell Medical Inc. (RMTI) are up 1.69 to 10.87 today.? RMTI is in the middle of the 52 week range.
Today paper traded 148 RMTI Oct 12 calls for .30.?
- The ADV is 693 contracts.
- The OI is 10 contracts.
Volume went up in one block.? The trade looked buy to open on a cheap shot with these calls trading as low as .15.? The early exuberance seemed to fade as RMTI pulled back from the 11.50 level this am.? There looked like some short call covering on the Nov 13 too.? Buyers will have to wait for a jump here.
- 30-day implied volatility is 67%.
- 10-day implied volatility is 27%.
- 30 day implied volatility is trading above the 10 day realized volatility
Rockwell Medical, Inc., formerly Rockwell Medical Technologies, Inc., manufactures hemodialysis concentrate solutions and dialysis kits, and it sells, distributes and delivers these and other ancillary hemodialysis products primarily to hemodialysis providers in the United States, as well as internationally primarily in Asia, Latin America and Europe.