1010 FXA May/Sep 77 call spreads went up in 2 large blocks marked spread on the CBOE.?
Calls roll in FXA- Long call trader staying in
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Shares CurrencyShares Austraila Dollar (FXA) are up .51 to 80.73 today. FXA is near the middle of the 52 Week range.
- Paper traded 1010 FXA May/Sep 77 call spreads for .60.
- The ADV is 721 contracts.
- The OI is over 1185 and 15.
The volume went up in 2 large blocks marked spread on the CBOE.? Most likely the customer is unwinding a long call in May, it traded .01 underwater, and buying the Sep 77 call to keep the position going.? For now it looks like a house money roll looking for more upside.
- IV 30 is trading for 13%.
- HV10 is trading for 12%.
- IV 30 is trading above the HV 10.
Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust?s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities. The Shares are bought and sold on New York Stock Exchange (NYSE) Arca like any other exchange-listed security.
Calls trade in AA- near term call buying
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Shares of Alcoa Inc. (AA) are up .14 to 13.62 today. ??AA is near the bottom of the 52 week range.
- Paper traded 2500 AA May 8 Weekly 14 calls for .06.
- The ADV is 38310 contracts.
- The OI is 1754 contracts.
The volume went up in 1 large block. ??Paper is buying 13 and 14 strike options in most Weekly classes in AA looking for a big upside move in the near term.? Most of the paper is opening.
- IV 30 is trading for 24%.
- HV10 is trading for 19%.
- IV 30 is trading above the HV 10.
Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company?s products, which include aluminum, titanium and nickel are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics and industrial applications.
Calls trade in HOT- calls go up tied to stock
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Shares of Starwood Hotels & Resorts are up 6.57 to 87.37 today. ?HOT is making a 52 week high.
- Paper traded 6150 HOT May 91.85 calls for 6150.
- The ADV is 6132 contracts. ?
- The OI is 14853 contracts.
The volume went up in 1 block on the PHLX marked buy-write.? This trade could be a closing buy write where the trader is closing the stock and option position.? 153k shares of HOT went up for 87.47 on a roughly delta neutral basis so before the name took off to far the trader close.
- IV 30 is trading for 26%.
- HV10 is trading for 15%.
- IV 30 is above the HV 10.
Starwood Hotels & Resorts Worldwide, Inc. (Starwood) is hotel and Leisure Company. Starwood is an owner, operator and franchisor of hotels, resorts and residences with under the brands St. Regis, The Luxury Collection, W, Westin, Le Meridien, Sheraton, Four Points, Aloft, and Element. The Company operates in three segments: the Americas, Europe, Africa and Middle East (EAME), and Asia Pacific.