The Options Insider

BITA Call Spreads and Stock Trade

by | Jun 9, 2015 | Unusual Activity

5900 BITA Jul 65/75 call spreads went up in 2 blocks on the PHLX marked buy-write. ??

BITA call spreads ? call spreads and stock trade

BITA

Shares of Bitauto Hldg LTD (BITA) are down .56 to 59.36 today.? ?BITA is near the middle of the 52 week range.

  • Paper traded 5900 BITA Jul 65/75 call spreads for 1.70.
  • The ADV is 1893 contracts.
  • The OI is 427 and 358 contracts.

The volume went up in 2 blocks on the PHLX marked buy-write. ??This trade went up with 200000 shares of BITA AT 59.32.? Most likely this is a stock replacement or a modified backspread type of trade.? A move to 75 would be nice here and that makes the stock replacement likely.

  • IV 30 is trading for 56%.
  • HV10 is trading for 33%.
  • IV 30 is trading above the HV 10.

Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.

 

Calls trade in ATVI- size short term calls trade??????????????????

ATVI

Shares of Activision Blizzard, Inc. (ATVI) are up .22 to 25.66 today. ?ATVI is near the top of the 52 week range.

  • Paper traded 7500 ATVI Jun 12 Weekly 25.5 calls for .30.
  • The ADV is 4937 contracts.
  • The OI is 1566 contracts.

The volume went up in 1 block on the AMEX with a Price Variation tag. ??250000 shares of ATVI went up concurrently with these calls so the trader is looking to play a very aggressive long gamma position.? In short, they are looking for a power move this week in ATVI.? Volume on the calls is over 12000 contracts as of this post.

  • IV 30 is trading 24%.
  • HV10 is trading for 17%.
  • IV 30 is trading above the HV 10.

Activision, Inc. is a publisher of online, personal computer, console, handheld, mobile and tablet games. The Company offers games that operate on Xbox One, Xbox 360, Wii U, Wii, PlayStation 4, PlayStation 3, among others.

 

Calls trade in OCN- call buyers lifting the offer

OCN

Shares of Ocwen Financial Corp (OCN) are up .49 to 10.21 today. ?OCN is near the bottom of the 52 week range.

  • ?Paper traded 1598 OCNJUL 11?calls for .40. ?
  • The ADV is 1351 contracts.? ?
  • The OI is 10158 contracts

The volume went up in one block on the CBOE.? Volume on the strike is heavy with 5000 options going up as part of a conversion. ?Paper is mostly buying calls in all months with the IV up sharply today.? On balance the call buying looks bullish.

  • IV 30 is trading for 74%.
  • HV10 is trading for 50%.
  • IV 30 is above the HV 10.

Ocwen Financial Corporation is a financial services holding company. The Company through its subsidiaries is engaged in the servicing and origination of mortgage loans. The Company operates in three segments such as, servicing, lending, and corporate items and other.