The Options Insider

Giant Rolls Going Up in AVP

by | Apr 9, 2015 | Unusual Activity

24600 AVP Apr 8/May 1 Weekly 8 puts went up in 4 large blocks marked spread on the AMEX.

Puts trade in AVP- giant rolls going up

?AVP

Shares of Avon Products, Inc. (AVP) are down .12 to 8.05 today. ?AVP is near the low end of the 52 week range.

  • Paper traded 24600 AVP Apr 8/May 1 Weekly 8 puts for .39.
  • The ADV is 11020 contracts.
  • The OI is 33737 and 18 contracts.

The volume went up in 4 large blocks marked spread on the AMEX.? The trader here is looking for an early earnings play for AVP.? They are closing the Apr 8 puts for the dollars they can get and rolling to early May.? This type of bet is looking bearish on a possible earnings play.

  • IV 30 is trading for 66%.
  • HV10 is trading for 42%.
  • IV 30 is trading above the HV 10.

Avon Products, Inc. is engaged in manufacturing and marketing beauty and related products. The Company?s product categories include beauty, and fashion and home. Its beauty products include color, fragrance, skincare and personal care products.

 

Calls roll in ATW- good money roll going up

?ATW

Shares of Atwood Oceanics, Inc. (ATW) are up .78 to 31.72 today. ?ATW is trading near the low end of the 52 week range.

  • Paper traded 2200 ATW Apr 30/32.5 call spreads at 1.35.
  • The ADV is 417 contracts.
  • The OI is 2822 and 0 contracts.

The volume went up in 2 blocks on the PHLX marked spread.? This trade appears to be an up roll with the trader still staying in for the ride on the upside but only for another week.? There looks like a closing transaction on the Apr 30 puts as well where the trader is unwinding another part of the position.? If the trade is as it looks, there is still upside here.

  • IV 30 is trading for 43%.
  • HV10 is trading for 44%.
  • IV 30 is below the HV 10.

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The Company has a fleet of approximately 13 mobile offshore drilling units located around the world.

 

?Combos trade in ESRX- 3 way goes up

?ESRX

Shares of Express Scripts Holdings Co. (ESRX) are up 3.35 to 87.71.? ESRX is near the upper end of the 52 week range.

  • Paper traded 1500 ESRX Jan 2016 82.5 puts over the Jan 90/105 call spread for a .05 credit.
  • The ADV is 7055 contracts. ?
  • The OI is 408 on the puts and 1318/602 on the call spread.

The volume went up in 3 blocks as part of a risk reversal.? This trade has the investor buying the Jan 2016 call spread and selling the puts to finance.? They traded the puts below the bid on this block trade.? Looking bullish as ESRX is a potential takeover candidate.

  • IV 30 is trading for 30%.
  • HV10 is trading for 27%.
  • IV 30 is above the HV 10.

Express Scripts Holding Company provides healthcare management and administration services on behalf of its clients, which include health maintenance organizations (HMOs), health insurers, third-party administrators, employers, union-sponsored benefit plans, workers compensation plans, and government health programs.