Calls trade in ITUB- upside call buyers
Shares of the Itau Unibanco Holdings SA (ITUB) are up .29 to 6.98 today. ?ITUB is near the bottom of the 52 week range.
- Paper traded 6500 ITUB Jan 2016 7 calls for .75-80. ?
- The ADV is 5655 contracts.?
- The OI is 808 contracts.
The volume went up in several blocks on the PHLX.? This trade looks like a bullish call buy with light open interest betting on a rebound in the big Brazilian bank.? The calls look buy to open.
- IV 30 is trading for 52%.?
- HV10 is trading for 57%.?
- IV 30 is trading below the HV 10.
Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus,