The Options Insider

Near-Term XRX Call Buyers

by | Jul 31, 2015 | Unusual Activity

3500 XRX Aug 10 calls went up in 1 block on the PHLX marked buy-write

Calls trade in XRX- near term call buyers

XRX

Shares of Xerox Corp. (XRX) are up .04 to 10.80. ?XRX is near the bottom of the 52 week range.

  • Paper traded 3500 XRX Aug 10 calls for .20.
  • The ADV is 6839 contracts.
  • The OI is 16533 contracts.

The volume went up in 1 block on the PHLX marked buy-write.? Stock went for 147k shares of XRX at 10.86.? Most likely the trader bought the calls and put up stock for a higher price.? The trade is a delta neutral straddle essentially.

  • IV 30 is trading for 25%.
  • HV10 is trading for 27%.
  • IV 30 is trading below the HV 10.

Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services, Document Technology and Other.

 

Calls trade in FTR- massive short term call buy

FTR

Shares of Frontier Communications (FTR) are up .08 to 4.71 today. ?FTR is near the bottom of the 52 week range.

  • Paper traded 5000 FTR Aug 4.5/5 calls for .35 and .10.
  • The ADV is 9940 contracts.
  • The OI is 887 and 18224 contracts.

The volume went up in 2 blocks on the PHLX marked spread.? We call this a stupid since it looks like both call trades are buys.? If the Aug 5 calls are a close, there is still a net long call position.? The trade would make a strangle if bought against short stock.

  • IV 30 is trading 46%.
  • HV10 is trading for 31%.
  • IV 30 is trading above the HV 10.

Frontier Communications Corporation is a communications company. ?The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products.

 

Calls trade in PFE- longer term calls trade

PFE

Shares of Pfizer Inc. (PFE) are up .47 to 36.40 today. ?PFE is making a 52 week high.

  • Paper traded 6580 PFE Jan 2016 38 calls for .79 ??
  • The ADV is 50300 contracts. ?
  • The OI is 8091 contracts.

The volume went up in 1 block on the PHLX marked price variation. ??PFE is making 52 week highs today and these calls traded through the offer.? More than 22k calls traded so far on the day with IV up slightly.? The trade looks like an upside play.

  • IV 30 is trading for 14%.
  • HV10 is trading for 18%.
  • IV 30 is below the HV 10.

Pfizer Inc. is a global biopharmaceutical company. The Company is engaged in the discovery, development and manufacture of healthcare products.