35000 OPK Jan 2015/2016 10 call spreads went up in two massive blocks, and are most likely rolling buy write with the long holder going way out for yield.?
Call rolls in OPK- giant call rolls
Shares of Opko Health Inc. (OPK) are up .03 to 8.36 today.? OPK is at the bottom of the 52 week range.
Paper traded 35000 OPK Jan 2015/2016 10 call spreads at .60. ?
- The ADV is 5300 contracts.
- The OI is over 63k and 37k contracts on both strikes.
The volume went up in two massive blocks.? This trade is most like a rolling buy write with the long holder going way out for yield.? OPK would have to get back to yearly highs before any takeout here.? There looks like 30000 more contracts to roll here so check the OI on this tomorrow.? OPK is a low priced, low vol stock so this play makes sense.
- IV 30 is trading for 32%.
- HV10 is trading for 15%.
- IV 30 is trading over the HV 10.
OPKO Health, Inc. (OPKO) is a multi-national biopharmaceutical and diagnostics company. OPKO is developing a range of solutions to diagnose, treat and prevent various conditions, including molecular diagnostics tests, laboratory developed tests (LTDs), point-of-care tests and pharmaceuticals and vaccines. The Company operates in two segments: pharmaceutical and diagnostics.
Calls trade in AVGO- buy writer holding on
Shares of Avago Technologies (AVGO) are up 7.56 to 102.76 today. ?AVGO is making a 52 week high.
Paper traded 490 AVGO Jan 97.5/110 calls for 4.80. ??
- The ADV is 2056 contracts.
- The OI is 1142 and 62 contracts.
The volume went up in 2 blocks.? The trade is pricing like the customer is buying to close the 97.5s and over writing the 110 calls.? In order not to lose the stock the client is rolling up and they still want to stay long.? If it is a long holder of the 97.5s, they are taking the money and going for more.? Both rolls are bullish.
- IV 30 is trading for 31%.
- HV10 is trading for 30%.
- IV 30 is trading over the HV 10.
Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products. III-V refers to elements from the 3rd and 5th groups in the periodic table of chemical elements, and examples of these materials are gallium arsenide (GaAs), gallium nitride (GaN), and indium phosphide (InP).
Calls trade in ADBE- backspread possible
Shares of Adobe Systems Incorporated (ADBE) are down .27 to 72.90 today.? ADBE is near a 52 week high.
Paper traded 3000 ADBE Apr 80 calls for 2.00.?
- The ADV is 4367 contracts. ?
- The OI is 87 contracts.
The volume went up in 1 large block.? Volume here printed near the offer with a corresponding stock print below the current bid.? This normally would mean customer is selling stock and buying calls.? The volume in stock went up in a roughly delta neutral fashion so this is a strange upside backspread if that were the case.
- IV 30 is trading for 30%.
- HV10 is trading for 11%.
- IV 30 is trading over the HV 10.
Adobe Systems Incorporated (Adobe) is a diversified software company. The Company offers a line of software and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring and engaging with content and experiences across multiple operating systems, devices and media.