The trade is skewed to buy call/sell put as a trader is looking for big upside in this Risk Reversal.? If DXJ goes nowhere, they will lose the small debit.
Combos trade in DXJ- looking long
Shares of the Wisdomtree Japan Total Dividend ETF (DXJ) are up .44 to 53.95 today.? DXJ is at the upper end of the 52 week range.
Today paper traded 4700 DXJ Jan 51 puts/Jan 56 calls for .19.?
- The ADV is 23074.
- The OI is 0.
Volume went up in 2 large blocks.? The trade is skewed to buy call/sell put as a trader is looking for big upside in this Risk Reversal.? If DXJ goes nowhere they will lose the small debit.
- 30-day implied volatility is 27%.
- 10-day implied volatility is 37%.
- 30 day implied volatility is trading below 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.
Puts trade in GREK- put buyers
Shares of Global X FTSE Greece 20 ETF (GREK) are up .26 to 16.43.? GREK is near the bottom of the 52 week range.
Today paper traded 10000 GREK Dec 15 puts for .525.?
- The ADV is 1349 contracts.
- The OI is 349 contracts.
Volume went up in several large blocks.? The put buy looks like a straight spec on the ECB announcement tomorrow.? There is no stock going up today in any size hitting the tape so this put buy is straight spec or protecting an existing long.
- 30-day implied volatility is 48%. ?
- 10-day implied volatility is 47%.
- 30 day implied volatility is trading above the 10 day realized volatility
Global X FTSE Greece 20 ETF (GREK) tracks the FTSE 20 major stocks in the Greek stock market.
Puts roll in SAFM- looks like a roll out
Shares of Sanderson Farms, Inc. (SAFM) are up 1.39 to 86.41 today.? SAFM is in the middle of the 52 week range.
Today paper traded 6119/6000 SAFM Nov 79.5/Feb 79.5 put spreads for 3.75.?
- The ADV is 746 contracts.
- The OI is 6158 and 200 contracts.
Volume went up in 2 giant blocks.? The trade is a rolling put spread with the strike placed at a break even or near so the trade can protect a stock position.? Usually this type of trade for a high put premium is a long stock long put trade.? No stock went up at the time so this is mostly like rolling protections.
- 30-day implied volatility is 44%. ?
- 10-day implied volatility is 27%.
- 30 day implied volatility is trading above the 10 day realized volatility
Sanderson Farms, Inc. is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc. (Foods Division). It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the south-eastern, south-western, north-eastern and western United States and to customers who resell frozen chicken into export markets. During the fiscal year ended October 31, 2013 (fiscal 2013), it processed 434 million chickens, or over 3.0 billion dressed pounds.