2300 ALK Jan 50 calls traded today &?this type of trade is consistent with a buy writer selling above the 52 week highs.
Combos trade in THRM- skew combo
Shares of Gentherm Inc. (THRM) are down.96 to 41.38 today.? THRM is near the middle of the 52 week range.
Today paper traded 154 THRM Nov 40 puts/Dec 50 calls for 1.80.?
- The ADV is 481 contracts.?
- The OI is 246 and 542 contracts.
Volume went up in 2 small blocks. The options traded over 700 contracts of these strikes with puts trading near the offer and calls through the bid.? The combos trade in blocks so this was part of a larger order to fill.? The trade idea is to buy short term protection and sell the OTM calls.? There is probably long stock against this position and the trader is looking for protection into earnings.
- 30-day implied volatility is 67%.? ?
- 10-day implied volatility is 53%.?
- 30 day implied volatility is trading above the 10 day realized volatility
Gentherm Inc, formerly Amerigon Incorporated, doing business as Gentherm, is a global developer and marketer of thermal management technologies for a range of heating and cooling and temperature control applications. Automotive products include actively heated and cooled seat systems and cup holders, heated and ventilated seat systems, thermal storage bins, heated seat and steering wheel systems, cable systems and other electronic devices.
Put spreads trade in ASPS- Deep put spreads
Shares of Altisource Portfolio Solutions (ASPS) are down 2.35 to 70.97 today.? ASPS is near the bottom of the 52 week range.
Today paper traded 1500 ASPS Nov95/Jan 60 put spreads for 19.80.?
- The ADV is 546.?
- The OI is 0 contracts.
Volume went up in 4 blocks.? The trade is a roll from the Nov 95 puts to a more OTM Jan 60 put.? The pricing has the Nov?s trading .15 over parity so the customer is selling them to close and paying up for the Jan 60 puts on a very wide market.? This is either a successful long put strategy or a protective put strategy against stock.
- 30-day implied volatility is 63%.? ?
- 10-day implied volatility is 118%.?
- 30 day implied volatility is trading below the 10 day realized volatility
Altisource Portfolio Solutions S.A.( Altisource), together with its subsidiaries, is a provider of services focused on technology-enabled, knowledge-based functions related to real estate and mortgage portfolio management, asset recovery and customer relationship management.
Calls trade in ALK- Call seller laying on the offer
Shares of Alaska Air Group, Inc. (ALK) are up 1.50 to 51.70 today.? ALK is making a 52 week high.
Today paper traded 2300 ALK Jan 50 calls for 3.70.?
- The ADV is 2044 contracts.?
- The OI is 635 contracts.
Volume went up 1 block.? Trade on the strike is over 6000 contracts with a steady 3.7 seller of the calls. For now the seller looks done and this type of trade is consistent with a buy writer selling above the 52 week highs.? None of this paper went up with stock so any long position was to today.
- 10 Day Realized Volatility is 32%.?
- 30 Day Implied Volatility is 44%.?
- 30 Day IV is trading below the 10 day realized volatility
Alaska Air Group, Inc. is a holding company of Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc. (Horizon), which together with its partner regional airlines, serve 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico.