9750 SNJK Jun 29 calls went up in one large block, and it appears that the trader here is positioning for a recovery in SJNK.
Call buyers in SJNK- OTM call buyers jumping in
Shares of the SPDR Barclays Short Term High Yield Fund (SJNK) are down .13 to 28.53 today. ?SJNK is making a 52 week low.
Paper traded 9750 SNJK Jun 29 calls for .25. ?
- The ADV is 66 contracts.
- The OI is 341 contracts.
The volume went up in one large block.? That is the only trade in Jun with 10000+ contracts trading.? The trader here is positioning for a recovery in SJNK.
- IV 30 is trading for 9%.
- HV10 is trading for 3%.
- IV 30 is trading over the HV 10.
The SJNK offers comparable yield and similar credit quality with a shorter duration and lower interest rate risk compared to longer term high yield funds.? SJNK seeks to provide historically lower volatility relative to longer term high yield benchmarks. SJNK tracks an index managed by Barclays Capital, a world leader in fixed-income indexes
Put roller in ARRY- a smart put seller is rolling out
Shares of Array Biopharma Inc. (ARRY) are up .09 to 4.72 today. ??ARRY is near the middle of the 52 week range.
Paper traded 6000 ARRY Dec/Jun 5 put spreads for .775. ??
- The ADV is 479 contracts.
- The OI is 7200 and 532 contracts.
The volume went up in 3 blocks.? This customer bought the near term puts and sold longer term puts in Jun.? They are betting on ARRY staying at the current level or above.? Looks like they are up money on the close Dec puts.
- IV 30 is trading for 65%.
- HV10 is trading for 87%.
- IV 30 is trading under the HV 10.
Array BioPharma Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. The drug development pipeline includes clinical candidates that are designed to regulate therapeutically important target pathways. The Company?s drug candidates include AMG 151, MEK162, ARRY-380, ARRY-520, ARRY-543 and ARRY-614.
Put buyers in BEN- possible put and stock purchase
Shares of Franklin Resources, Inc. (BEN) are up .45 to 53.92 today. ??BEN is in the middle of the 52 week range.
Paper traded 2772 BEN Jan 50 puts for 1.15.?
- The ADV is 507 contracts. ?
- The OI is 4423 contracts.
The volume went up in 1 large block.? The puts have traded over 5481 today as buying jump in pushing the IV up 2 points.? A block of 15000 shares went up tied to options but that is not near enough for a hedge of this block.? Traders are looking for more downside in BEN but the small stock purchase could be a look for a larger move.
- IV 30 is trading for 28%.
- HV10 is trading for 27%.
- IV 30 is trading over the HV 10.
Franklin Resources, Inc. (Franklin) is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names.