Up And Out Rollers In HCP, A Curious Diagonal Put Spread In DKS and Puts Go Flying In TSN
Calls Trade In HCP – Up And Out Rollers
Shares of HCP, Inc. (HCP) are up 1.56 today. HCP is near the middle of the 52 week range.
- Paper traded 3256 HCP Apr 42.5/May 45 calls spreads for .70.
- The ADV is 2011 contracts.
- The OI is 17667 and 33 contracts.
The volume went up in two blocks large blocks marked spread. Another spread block of 1744 contracts went up as well as this trader is using the jump in HCP today to roll out of the Apr 42.5 calls and into the May 45s. The bet in May seems smaller the volume is roughly half of Apr. The trader is still buying May calls though. It is curious this is an upside call buyer in a REIT.
- IV 30 is trading for 20%.
- HV10 is trading for 21%.
- IV 30 is trading below the HV 10.
HCP Inc. invests in real estate serving the healthcare industry in the United States.
Puts Trade In DKS – Curious Diagonal Put Spread Goes Up
Shares of Dicks Sporting Goods Inc. (DKS) are up 1.01 to 58.03 today. DKS is near the top of the 52 week range.
- Paper traded 3250 and 2000 DKS Apr 57.5 and May 52.5 put spreads for .60.
- The ADV is 2456 contracts.
- The OI is 79 and 1 contracts.
The volume went up in several blocks. DKS is near the top of the range and this put spread is meant as a play to take advantage of a short term drop in DKS. The reverse diagonal has a lot of near term short deltas with no major news on the horizon.
- IV 30 is trading for 23%.
- HV10 is trading for 16%.
- IV 30 is above the HV 10.
DICK’S Sporting Goods, Inc. is a sporting goods retailer offering an assortment of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
Puts Go Flying In TSN – Put Rolls Going Up
Shares of Tyson Foods (TSN) are up .28 to 38.44 today. TSN is near the middle of 52 week range.
- Paper traded 7000/5000 TSN Jul 36/Jan 2016 30 put spread for .50.
- The ADV is 3809 contracts.
- The OI is 384 and 1129.
The volume went up in 2 blocks marked spread on the PHLX. This trade is looking for a markdown in the short run in in TSN shares with the Jul?s attempting to finance the Jan 30 puts. The trade set up wants TSN to drop in the short term but then bounce through the summer.
- IV 30 is trading for 27%.
- HV10 is trading for 24%.
- IV 30 is above the HV 10.
Tyson Foods, Inc., is a food production company. The Company?s operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products. Beef, includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.