5500/6050 VXX Apr 32 traded over May 30 calls in 2 blocks on the CBOE.?
Calls trade in OC ? spreads going up
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Shares of Owens Corning (OC) are up .63 to 42.90 today. ?OC is near the top of the 52 week range.
- Paper traded 4600/1840/6400 OC May 40/41/43 call spreads for 4.42.
- The ADV is 2063 contracts.
- The OI is over 7000 contracts on the 40/43 strikes and 2000 on the 41 strike.
The volume went up in three blocks.? OC is near the top of the range and this trade could be a large unwind of the 3 way spread.? It appears the trader was long the 40 and 41 calls and short the 43s on a roughly 7/2/7 ratio.? This would look like a buy write of sorts and with the stock at this level this trade was most likely very successful.? Some May 40 were sold through the bid so the customer wanted out today.
- IV 30 is trading for 28%.
- HV10 is trading for 38%.
- IV 30 is trading below the HV 10.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services. The Company?s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.
Calls trade in MSFT- block call buyers
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Shares of Microsoft Corp (MSFT) are down .52 to 40.20 today. ?MSFT is near the middle of the 52 week range.
- Paper traded 7000 MSFT May 41 calls for 1.01 today.
- The ADV is 139k contracts.
- The OI is 2448 contracts.
The volume went up in 1 block.? MSFT is trading lower today and this call buyer scooped 7000 calls the offer.? The trade is down around .10 a contract as of this writing.? Stock did not go up tied to this trade.
- IV 30 is trading for 25%.
- HV10 is trading for 19%.
- IV 30 is above the HV 10.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers.
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Calls trade in VXX- volatility seller going for more
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Shares of the Ipath S&P 500 Short Term Future ETN (VXX) are down .36 to 25.16 today. ??VXX is near the bottom of the 52 week range.
- Paper traded 5500/6050 VXX Apr 32 over May 30 calls for .71 (1-1).
- The ADV is 269k contracts. ?
- The OI is 12000 and 10435 contracts.
The volume went up in 2 blocks on the CBOE.? This trade is most likely a roll where the customer is closing a short Apr 32 calls and selling closer to the money on the May 30 call.? The May was sold through the bid for more volume which is usually the sign of a successful first trade.
- IV 30 is trading for 54%.
- HV10 is trading for 34%.
- IV 30 is above the HV 10.
The Ipath S&P 500 VIX Short Term Future ETN (VXX) tracks the two near term VIX futures maintaining a 30 day duration mix of futures.