The Options Insider

IVR Calls Trade through the Bid

by | Jul 16, 2015 | Unusual Activity

4887 IVR Aug 15 calls went up in 1 block on the CBOE marked price variation.

Calls trade in IVR- calls trade through the bid

IVR

Shares of Invesco Mortgage Capital Inc. (IVR) are down .04 to 14.97 today ???IVR is near the middle of the 52 week range.

  • Paper traded 4887 IVR Aug 15 calls for .28.
  • The ADV is 390 contracts.
  • The OI is 593 contracts.

The volume went up in 1 block on the CBOE marked price variation. Usually a price variation tag on an option trade has stock leg but in this case no size stock went up.? The trader looks like they wanted yield and was willing to sell down to get it.

  • IV 30 is trading for 21%.
  • HV10 is trading for 15%.
  • IV 30 is trading above the HV 10.

Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in, financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans.

 

Puts trade in PFE ? huge put spread trades

PFE

Shares of Pfizer Inc. (PFE) are up .17 to 35.16. ?PFE is near the top of the 52 week range.

  • Paper traded 16000/32000 PFE Aug 28 weekly 35/34 put spreads for .77/.39.
  • The ADV is 53k contracts.
  • The OI is 0 and 5558 contracts.

The volume went up in 2 blocks on the ISE marked spread.? As priced the trade looks like a sale on the 35 puts and buy on the 34 puts creating a ratio backspread for a .01 debit.? This could be a protective play against stock or a straight play for a sagging earnings number from PFE.

  • IV 30 is trading 14%.
  • HV10 is trading for 15%.
  • IV 30 is trading below the HV 10.

Pfizer Inc. is a global biopharmaceutical company. The Company is engaged in the discovery, development and manufacture of healthcare products. Its products include Lyrica, the Prevnar family of products, Enbrel, Celebrex, Lipitor, Viagra, Zyvox, Sutent, EpiPen, Toviaz, Tygacil, Rapamune, Xalkori, Inlyta, Norvasc, BeneFIX, Genotropin, ReFacto, Xyntha and Enbrel, among others.

 

Calls trade in EWJ- big call trade

EWJ

Shares of the iShares MSCI Japan (EWJ) are up .05 to 12.95.? EWJ is near the upper end of the 52 week range.

  • Paper traded 52000 EWJ Aug 13 calls for .23/.24. ??
  • The ADV is 19876 contracts. ?
  • The OI is 794 contracts.

The volume went up in two blocks on the PHLX marked buy write.? ?2.6 million shares went up for 12.98 just above the offer.? The trade looks like a like a straight synthetic straddle with the option trader paying up for the stock and selling the calls with the offer much lower now.

  • IV 30 is trading for 15%.
  • HV10 is trading for 26%.
  • IV 30 is below the HV 10.

iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the MSCI Japan Index (the Index).