19995 BAC Jun/Jul 17 calls spreads went up in 2 blocks & looks like a calendar close but could be rolling in the Jul earnings cycle
Calls trade in BAC- big calendars go up
Shares of Bank of America Corp. (BAC) are down .15 to 17.23 today. ?BAC is near the upper end of the 52 week range.
- Paper traded 19995 BAC Jun/Jul 17 calls spreads for .23.
- The ADV is 231526 contracts.
- The OI is 63k over 67k contracts.
The volume went up in 2 blocks on the AMEX marked spread. ??This trade looks like a calendar close but could be rolling in the Jul earnings cycle.? The roll value is about 1% per month right now.
- IV 30 is trading for 18%.
- HV10 is trading for 17%.
- IV 30 is trading above the HV 10.
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services.
Calls trade in COTY- big call buyers????????
Shares Coty Inc. (COTY) are up .27 to 31.18 today. ?COTY is near the upper end of the 52 week range.
- Paper traded 8325 COTY Jul 32 for 1.20.
- The ADV is 688 contracts.
- The OI is 0 contracts.
The volume went up in one block marked price variation on the AMEX. ??200000 shares of COTY went up for 31.05 way below the prevailing market.? The trade as priced looks like a long ratio straddle where the trader is buying lots of extra call and hedging somewhat with stock.? There were scattered call buyers prior to the block purchase.
- IV 30 is trading 42%.
- HV10 is trading for 89%.
- IV 30 is trading below the HV 10.
Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances, Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of men?s and women?s products and include fashion designer, celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics, consisting of lip, eye and other facial color products. Skin & Body Care products include shower gels, deodorants, skin care and sun treatment products. The Company?s top 10 brands include adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.
Put spreads trade in GDX- possible spread closer
Shares of Market Vectors Gold Miners (GDX) are down .15 to 18.95 today.? ?GDX is near the lower end of the 52 week range.
- Paper traded 10435 GDX Jul 17/18 put spreads at .21.
- The ADV is 50268 contracts. ?
- The OI is 27k and 33k contracts.
The volume went up in 2 blocks on the AMEX marked spread.? The spread as priced is looking like a sale.? With GDX near the lows they are exiting from a lower level or adding more. The dollars are pretty small for a successful close so it is most likely opening.
- IV 30 is trading for 28%.
- HV10 is trading for 23%.
- IV 30 is above the HV 10.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index