Calls spreads trade in DXJ- huge roll
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Shares of the Wisdomtree Japan Total Dividend (DXJ) are trading up 3.32 to 53.81 today.? DXJ is making a 52 week high.
Today paper traded 9000 DXJ Nov 54 call for 1.14 and 6000 Dec 55/56 call spreads for .35.?
- The ADV is 18664.
- The OI is 44k in Nov and 0 in Dec.
Volume went up in 3 giant blocks.? The trade looks like a close in the Nov 54 calls and buy to open in the Dec call spread.? The whole package is a bit strange since there is limited upside potential for the Dec calls spread OTM.? The Dec 55 went marked as buy.? The trade is looking like a short call covering play on the unexpected rise in the DXJ.
A block of 30k of the Nov 54s traded for .17 but it is difficult to tell if it was a buy to open or some call over write.? The Dec spreads looked buy/buy.
- 30-day implied volatility is 23%.? ?
- 10-day implied volatility is 11%.?
- 30 day implied volatility is trading above the 10 day realized volatility
WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.
Calls trade in INTC- Call sellers
Shares of Intel Corp. (INTC) are up 1.19 to 33.77 today.? INTC is in the middle of the 52 week range.
Today paper traded 29200 INTC Dec 33 calls at 1.30.?
- The ADV is 128333 contracts.?
- The OI on the strike is 8146.
Volume went up in 1 giant block.? The opening trade is consistent with a buy-writer with a tight range on the underlying.? The trader wants 2.5% yield to Dec expiration and is hoping to bypass or get called early for the dividend.? This looks like a smart play.
- 30-day implied volatility is 25%.? ?
- 10-day implied volatility is 31%.?
- 30 day implied volatility is trading below the 10 day realized volatility
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset. The Company sells these platforms primarily to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries.