The Options Insider

Puts trade in Wolverine World Wide, Inc. (WWW)

by | Apr 20, 2015 | Unusual Activity

2445 WWW Jun 30 puts went up in 1 block & since there is almost no volume in WWW, this put buy stands out with volume on the strike over 3k.?

Calls trade in OC ? call buyers jump in

?OC

Shares of Owens Corning (OC) are down .26 to 41.61 today. ??OC is near the top of the 52-week range.

  • Paper traded 7000 OC May and Jun 43 calls for 1.10 and 1.60.
  • The ADV is 45k contracts.
  • The OI is 15425 and 0 contracts.

The volume went up in 2 massive blocks on the PHLX.? The trade is going up marked spread but both sides traded on the offer.? If the spread was a roll, the customer got great prices.? IV is up only slightly in May and flat in Jun.? It is best to the check the OI to see if the Mays were additive but it is looking buy/buy right now.?

  • IV 30 is trading for 37%.
  • HV10 is trading for 24%.
  • IV 30 is trading above 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.

 

Puts trade in Wolverine World Wide, Inc. (WWW)

?WWW

Shares of Wolverine World Wide, Inc. (WWW) are up .19 to 32.01 today. ??WWW is near the top of the 52 week range.

  • Paper traded 2445 WWW Jun 30 puts for .90.
  • The ADV is 45 contracts.
  • The OI is 36 contracts.

The volume went up in one block. ??There is almost no volume in WWW so this put buy stands out with volume on the strike of over 3000.? IV is up sharply and the puts are still .85 bid.? Earnings are on the 28th so this could be a bearish earnings play.? The puts went up in small lots on every exchange before the block printed.

  • IV 30 is trading for 32%.
  • HV10 is trading for 7%.
  • IV 30 is trading above the HV 10.

Wolverine World Wide, Inc. is the parent company of 15 lifestyle brands that market footwear, apparel and accessories around the world. The Company?s portfolio of brands include Merrell, Hush Puppies, Sperry Top-Sider, Saucony, Stride Rite, CAT Footwear, Keds, Wolverine, Bates, Sebago, Chaco, Cushe, Harley-Davidson Footwear, Soft Style and HYTEST.

 

Calls trade in SE- block of calls trades

?SE

Shares of Spectra Energy Corp. (SE) are up .41 to 38.36 today. ?SE is near the middle of the 52 week range.

  • Paper traded 8053 SE Sep 41 calls at .55.
  • The ADV is 3286 contracts. ?
  • The OI is 45 contracts.

The volume went up in 1 block on the MIAX.? Calls have been for sale all day with the market for the Sep 41s locked up several times at .55.? A size seller has been slowly trying to move large volume on an up day with a takeout price just at the 52 week high.? This is consistent with a buy writer in general.? No stock went market with this trade.

  • IV 30 is trading for 20%.
  • HV10 is trading for 15%.
  • IV 30 is above the HV 10.

Spectra Energy Corp is a pipeline and midstream company.