CODE is back in the spotlight with call stupids trading today. There is multiple open interest on the strikes and each call went up marked as a spread sale.
Calls trade in ELNK ? early closer
Shares of Earthlink Holding Corp (ELNK) are down .01 to 3.40.? ELNK is near the bottom of the 52 week range.
Today paper traded 35829 ELNK Jan 2015 4 calls at .15.?
- The ADV is 2444 contracts.?
- The OI is 36846 contracts.
Volume went up in 1 block.? The trade appears to be a close where the customer is not waiting around for Jan 2015 and is giving up on the call purchase.? It would be worth checking the OI? tomorrow on this.? There is substantial OI on the Oct 4s too.? No blocks of stock went up today that exceeded 20000 shares as of this writing.
- 30-day implied volatility is 34%.? ?
- 10-day implied volatility is 29%.?
- 30 day implied volatility is trading above the 10 day realized volatility
EarthLink Holdings Corp, formerly EarthLink, Inc., is a network, communications and information technology (IT) services provider to business and residential customers in the United States. The Company operates in two segments: Business Services and Consumer Services. EarthLink?s Business Services segment provides a range of data, voice, managed IT and equipment services to business customers.
Call Stupids trade in CODE- multiple call trades go up.
Shares of Spansion Inc (CODE) are down .30 to 21.23 today.? CODE is near the top of the 52 week range.
Today paper traded 2640 CODE Nov 29 calls at .35 with 1680/1280 CODE Nov 20/Oct 25s at 2.75 and .25.?
- The ADV is 3110 contracts.?
- The OI is 6352/2663/8183 contracts.
Volume went up in 3 blocks.? There is multiple open interest on the strikes and each call went up marked as a spread sale. A customer with a multi leg long position is probably exiting after the stocks has not made the intended move.
UA covered takeover spec on Sep 23rd
?Today paper traded 4000 Nov 30 calls for .75 in CODE.? The ADV is 2487 contracts.? The OI is 14524 contracts.
Volume went up in 1 large block. ? The high open interest means this could be closing but IV up 7 points in here is usually a sign of more opening paper.? Lots of calls are trading and options in general are at higher levels.? There is some takeover speculation in CODE.?
- 30-day implied volatility is 75%.? ?
- 10-day implied volatility is 41%.?
- 30 day implied volatility is trading above the 10 day realized volatility
Spansion Inc. (Spansion) provides flash memory-based embedded systems solutions. Spansion?s flash memory, microcontrollers, mixed-signal and analog products drive the development of electronics.
Put sellers in FDX- aggressive fade of the selloff
Shares of FedEx Corp (FDX) are down 3.17 to 159.55.? FDX is near the top of the 52 week range.
Today paper traded 3721 FDX Oct 157.5 puts at .75.?
- The ADV is 4206 contracts.?
- The OI is 190 contracts.
Volume went up in 1 block.? The trade had follow up volume where put sellers were hitting the bid up to .92.? The early sale is underwater but shares of FDX seem to be holding up now.? The put seller wants an aggressive position in FDX to get long the underlying. The IV30 is up just over 3 points today which is a very big move for the name.
- 30-day implied volatility is 20%.? ?
- 10-day implied volatility is 21%.?
- 30 day implied volatility is trading above the 10 day realized volatility
FedEx Corporation (FedEx) is a holding company. The Company provides a portfolio of transportation, e-commerce and business services under the FedEx brand.