The Options Insider

NEM Call Spreads Trade

by | Jul 20, 2015 | Unusual Activity

3600 NEM Dec 20/25 calls spreads went up in 2 blocks on the Amex

Calls trade in NEM- Call spreads trade

NEM

Shares of Newmont Mining Corp (NEM) are down 2.45 to 18.24 today. ???NEM is near the bottom of the 52 week range.

  • Paper traded 3600 NEM Dec 20/25 calls spreads for .88.
  • The ADV is 11509 contracts.
  • The OI is 322 and 6162 contracts.

The volume went up in 2 blocks on the Amex marked spread. This spread looks like a close and roll down where the customer was short the 25 calls and is rolling closer to the money on the 20 calls.? A buy-writer could be chasing the stock down by selling nearer the money calls.

  • IV 30 is trading for 48%.
  • HV10 is trading for 34%.
  • IV 30 is trading above the HV 10.

Newmont Mining Corporation (Newmont) is a production stage mining company. The Company is focused on gold production. Newmont is also engaged in the exploration for and acquisition of gold and copper properties.

 

Calls trade in HRTX- upside call sellers

HTRX

Shares of Heron Therapeutics Inc. (HRTX) are up .28 to 36.20 today. ?HRTX is making a 52 week high.

  • Paper traded 197 HRTX Sep 50 calls at 1.05.
  • The ADV is 3856 contracts.
  • The OI is 0 contracts.

The volume went up in 1 block on the ISE.? There was more than 2700 contracts in total where paper looking to be selling the bid.? The timing is such that the trade could be linked with the Sep 30/35 call spreads that look to be closing.? The Sep 50 calls are being sold and possibly against the resulting 35 call position on some ratio.? All trades went up within 2 minutes of each other with the trader looking for upside to the 50 strike.

  • IV 30 is trading 71%.
  • HV10 is trading for 51%.
  • IV 30 is trading above the HV 10.

Heron Therapeutics, Inc. is a biotechnology company. The Company uses its technology to develop products to address unmet medical needs. Its Biochronomer polymer-based drug delivery platform is designed to improve the therapeutic profile of injectable pharmaceuticals.

 

Calls trade in XME- nearer term call buyers

XME

Shares of the SPDR S&P Metals and Mining ETF (XME) are down .65 to 20.87 today.? XME is making a 52 week low.

  • Paper traded 9245 XME Aug 21.5 calls for .57. ??
  • The ADV is 5967 contracts. ?
  • The OI 0 contracts.

The volume went up in one block on the PHLX.? ?The calls swept the offer and there was not stock of size going up near the same time.? The trader is looking for a big bounce in XME.

  • IV 30 is trading for 32%.
  • HV10 is trading for 30%.
  • IV 30 is above the HV 10.

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index.