500 BRCM Apr 47 calls went up as IV jumps 15 points on takeover rumors.?
Calls trade in BRCM- Apr call buyers
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Shares of the Broadcom Corp (BRCM) are up .63 to 44.85 today. ?BRCM is near the high end of the 52 week range.
- Paper traded 500 BRCM Apr 47 calls for .40.
- The ADV is 8925 contracts.
- The OI is 1964 contracts.
The volume went up in 1 block on ARCA.? IV is up over 15 points in the Apr cycle as call buyers jump in on takeover rumors.? There is some profit taking on the May 50s too.? The ratio is mostly call buying in Apr with volume close to 6000 contracts on the Apr 47s alone.
- IV 30 is trading for 37%.
- HV10 is trading for 26%.
- IV 30 is trading above the HV 10.
Broadcom Corporation (Broadcom) is a global semiconductor solution for wired and wireless communications. Broadcom products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environment. The Company provides system-on-a-chip (SoC), and software solutions.
Puts trade in KOS- OTM puts trade into earnings
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Shares of Kosmos Energy Ltd (KOS) are down .24 to 8.36 today. ??KOS is near the lower end of the 52 week range.
- Paper traded 3733 KOS May 7.5 puts for .15-.20 on splits.
- The ADV is 1460 contracts.
- The OI is 0 contracts.
The volume went up in 2 blocks.? Paper went as far as posting a .25 bid which was eventually filled to push the volume up over 6600 contracts.? No large blocks of stock printed against this trade so this is a straight bearish bet for now.? If against stock, the trader is looking for protection through earnings.
- IV 30 is trading for 65%.
- HV10 is trading for 35%.
- IV 30 is above the HV 10.
Kosmos Energy Ltd is a holding company. The Company, through its subsidiaries operates as an oil and gas exploration and production company. The Company has operations in Africa, Europe and South America.
CLF calls trading- big block of calls already up
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Shares Cliffs Natural Resources Inc. (CLF) are down .09 to 4.79 today.? CLF is near the bottom of the 52 week range.
- Paper traded 20000 CLF Jul 6 calls for .34.
- The ADV is 22556 contracts.
- The OI is 1164.
The volume went up in 1 large block.? Jul IV is jumping up 5 points today as IV lifts across the board 2 weeks prior to earnings.? No stock went up against this trade so at the outset it looks bullish and is .02 ITM as this post.
- IV 30 is trading for 84%.
- HV10 is trading for 66%.
- IV 30 is above the HV 10.
Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal.