The Options Insider

Active Put Buyers in all Months for MGM

by | Jan 20, 2015 | Unusual Activity

1184 MGM Jan 19 puts went up in 1 block and subsequent volume is over 8000 contracts with IV up sharply in all months.?

Put buying in MGM- option buyers in all months

MGM

Shares of MGM Resorts International (MGM) are down .97 to 19.03 today.? MGM is near the bottom of the 52 week range.

Paper traded 1184 MGM Jan 19 puts for .22.

  • The ADV is 23k contracts.
  • The OI is 215 contracts.

The volume went up in 1 block.? Subsequent volume is over 8000 contracts with IV up sharply in all months.? These put buyers are jumping in prior to earnings with a very short time to go before expiration.? A size Feb 19 backspread went up too with 5000 calls trading 1.11 and 275k shares printing 19.10.

  • IV 30 is trading for 46%.
  • HV10 is trading for 34%.
  • IV 30 is trading above the HV 10.

MGM Resorts International is a holding company. The Company is a hospitality company. The Company?s primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities. The Company operates in segments: wholly owned domestic resorts and MGM China.

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Calls trade in ARMH- size call buyers

ARMH

Shares of ARM Holdings plc (ARMH) are up 1.35 to 46.71 today. ?ARMH is in the middle of the 52 week range.

Paper traded 3599 ARMH Feb 47 calls for 1.90. ??

  • The ADV is 1657 contracts.
  • The OI is 709 contracts.

The volume went up in 1 large block.? The options traded through the offer at the time with the trade going up out of sequence.? The call buyer is opening with a hold through the earnings date.? The trade could be part of a slight ratio spread on the Feb 45s to create a net long call position.? Earnings are showing Feb 11th.

  • IV 30 is trading for 36%.
  • HV10 is trading for 33%.
  • IV 30 is trading above the HV 10.

ARM Holdings plc (ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools. As of December 31, 2012, the Company operated in three business segments: the Processor Division (PD), the Physical IP Division (PIPD) and the System Design Division (SDD).

 

Puts trade In GRA- hitting the bid hard

GRA

Shares of WR Grace & Co (GRA) are down .05 to 89.65 today. GRA is at the lower end of the 52 week range.

Paper traded 474 GRA Feb 85 puts at 1.05 today.?

  • The ADV is 1034contracts.
  • The OI is 27 contracts.

The volume went up in 1 block.? Paper hit the bid with a 1.05 limit on nearly all exchanges 15 minutes into the trading day.? 4000+ contracts went up hitting the bid aggressively with some options trading through the bid.? For now, GRA is in about the same place so the early put selling rush is still unclear.

  • IV 30 is trading for 26%.
  • HV10 is trading for 20%.
  • IV 30 is trading over the HV 10.

W.R. Grace & Co. (Grace) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis. The Company operates in three segments: Grace Catalysts Technologies; Grace Materials Technologies; and Grace Construction Products.