10000 LQD Sep 118 calls went up in 1 block marked spread on the AMEX.?
Calls and puts trade in FTR- possible skewed strangles
Shares of Frontier Communications Corp. (FTR) are up .12 to 5.20 today.? FTR is near the lower end of the 52 week range.
- Paper traded 6480 FTR Aug 6 call and 4636 FTR Jun 5 puts for .20 and .15.
- The ADV is 4952 contracts.
- The OI is 28820 and 1539 contracts.
The volume went up in 2 blocks on the CBOE and PHLX. ??The put volume looks opening and the call volume looks closing.? The call and put blocks went up at different times so this could be different customers.? There is at minimum covering a long term short in Aug and the next trader is getting aggressive short with 3 weeks to go.? As printed both positions are conflicting unless balance with a long stock position.
- IV 30 is trading for 44%.
- HV10 is trading for 47%.
- IV 30 is trading above the HV 10.
Frontier Communications Corporation is a communications company. The Company is engaged in providing services predominantly to rural areas and small and medium-sized towns and cities in the United States.
Calls trade in TRP- upside call buyers??????????????????????????????
Shares of TransCanada Corp. (TRP) are up .59 to 43.34 today. ?TRP is near the lower end of the 52 week range.
- Paper traded 4454 TRP Aug 45 calls for .85.
- The ADV is 480 contracts.
- The OI is 347 contracts.
The volume went up in 1 block marked price variation on the CBOE. ??Subsequent volume went up on all floors as paper picked up what options they could.? The trade looks bullish as no prints of any size went up.
- IV 30 is trading 22%.
- HV10 is trading for 15%.
- IV 30 is trading above the HV 10.
TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States.
Calls trade in LQD- size call buyers
Shares of iShares IBoxx Investment Grade ETF (LQD) are trading down .58 to 116.70. ??LQD is near the lower end of the 52 week range.
- Paper traded 10000 LQD Sep 118 calls for .85.
- The ADV is 1120 contracts. ?
- The OI is 4 contracts.
The volume went up in 1 block marked spread on the AMEX.? This trade printed 3x before the final print went up which looks tied to 350000 shares at 116.6571.? The trade does look like a delta neutral backspread.
- IV 30 is trading for 7%.
- HV10 is trading for 6%.
- IV 30 is above the HV 10.
iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States.