26027 / 41343 SO May 47/50 calls went up in 2 giant blocks on the ARCA exchange
Call spreads go up in SO- large roll downs in May
Shares of Southern Co. (SO) are trading up .01 to 44.88 today. SO is near the middle of the 52 week range.
Paper traded 26027 / 41343 SO May 47/50 calls for .36 and .09 (1 to 1).
- The ADV is 6175 contracts.
- The open interest is 1549 and 44937 contracts
The volume went up in 2 giant blocks on the ARCA exchange.? SO has pulled back from 1 year highs and the trader is taking a less aggressive line with call writing.? They are selling less calls closer to the money, this could or could not be against stock.? The general pattern would be a buy write and in this case they are taking less premium in case the name bounces.
- IV 30 is trading for 17%.
- HV10 is trading for 25%.
- IV 30 is trading below the HV 10.
Southern Company, is an operating public utility company. The Company constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market.
Puts trade in FAST ? possible put roller
Shares of Fastenal Company (FAST) are down .37 to 41.14 today.? FAST is near the lower end of the 52 week range.
Paper traded 11000/10047 FAST Mar 41/43 put spreads for 1.05.?
- The ADV is 1841 contracts.
- The OI is 38373 in Apr and 501 in Jul.
The volume went up in 2 blocks marked spread.? FAST is near the lower end of the 52 week range and a trader is looking to take profits in some short term puts.? They are confident enough to roll down for more volume so the sentiment should be downside to come.? This is looking like a sell to close on the 43 puts and buy to open on the 41s.
- IV 30 is trading for 25%.
- HV10 is trading for 13%.
- IV 30 is trading below the HV 10.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies in North America. Fastenal sells different types of industrial and construction supplies in the product categories, such as threaded fasteners and miscellaneous supplies, tools, metal cutting tool blades and abrasives, fluid transfer components and accessories for hydraulic and pneumatic power, material handling, storage and packaging products, janitorial, chemical and paint products, electrical supplies, welding supplies, safety supplies, metals, alloys and materials, and office supplies.
Calls traders jump into ZQK- call sellers
Shares of Quicksilver, Inc. (ZQK) are down .09 to 1.95 today. ?ZQK is near the lower end of 52 week range.
Paper traded 1800 ZQK May 2 calls at .25. ?
- The ADV is 2301 contracts. ?
- The OI is 270 contracts.
The volume went up in 2 blocks on 2 exchanges.? ZQK had early call buyers stepping in to pay .25 with more than 10000 contracts trading between .20 and .30.? The IV has come in quite a bit as there could be an early announcement.? The sellers look like it is a yield play until May expiration with more options offered .25 right now.
- IV 30 is trading for 103%.
- HV10 is trading for 45%.
- IV 30 is trading over the HV 10.
Quiksilver, Inc. is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products catering to the casual youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.