The Options Insider

Large OI Closing in VALE

by | Jul 8, 2015 | Unusual Activity

18000 VALE Sep 7 puts went up in 1 block on the CBOE on a sweep. ?

Puts trade in VALE- large OI closing

VALE

Shares of the Vale SA (VALE) are down .19 to 5.43 today.? ?VALE is at a 52 week low.

  • Paper traded 18000 VALE Sep 7 puts for 1.75.
  • The ADV is 68K contracts.
  • The OI is over 100k contracts.

The volume went up in 1 block on the CBOE on a sweep. ?These puts traded .08 over parity and it is likely the large, long OI is selling them out with commodity prices bottoming out.? There is still huge OI to close but they look like they are starting now.

  • IV 30 is trading for 60%.
  • HV10 is trading for 34%.
  • IV 30 is trading above the HV 10.

Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets,

 

CVC- call buyers jump in??????????????????????????????????????????????????

CVC

Shares of Cablevision Systems Corp (CVC) are down .37 to 24.48 today. ?CVC is near the upper end of the 52 week range.

  • Paper traded 3000 CVC Dec 27 calls for 1.40.
  • The ADV is 3113 contracts.
  • The OI is 10 contracts.

The volume went up in 1 block on the PHLX.? IV is up quite a bit as call buyers bid up the Dec 27 calls to open.

  • IV 30 is trading 44%.
  • HV10 is trading for 44%.
  • IV 30 is trading at the HV 10.

Cablevision Systems Corporation (Cablevision) through its subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries operates cable operations business in the United States.

 

Calls trade in VXX ? long term OTM call seller

vxx picture

Shares of iPath S&P 500 VIX Short term futures ETN (VXX) are up 1.53 to 20.92.? VXX is in the middle of the 52 week range.

  • Paper traded 5851 VXX Jan 2016 40 calls at 1.41. ?
  • The ADV is 267k contracts. ?
  • The OI is over 10000 contracts.

The volume went up in 1 block on the PHLX through the system. ?The trader looks like they were selling calls, possibly to close, on the jump in VXX today.? Taking profits or betting on a decline in VXX long term.

  • IV 30 is trading for 87%.
  • HV10 is trading for 101%.
  • IV 30 is below the HV 10.

The Ipath S&P 500 VIX Short Term Future ETN (VXX) tracks the two near term VIX futures maintaining a 30 day duration mix of futures.