19205/16468 VRX Nov 145 puts and Nov 190 calls went up in 2 blocks marked spread on the PHLX.?
Shares of Valeant Pharmaceuticals Intl. (VRX) are down 18.691 to 163.70. ?VRX is near the middle of the 52 week range.
- Paper traded 19205/16468? VRX Nov 145 puts and Nov 190 calls at 7.00 and 6.90. ??
- The ADV is 7978 contracts.? ?
- The open interest is less than 200 contracts.
The volume went up in 2 blocks marked spread on the PHLX.? These puts marked on the bid and the calls near the bid in very wide markets.? The delta of the options is roughly the same so the trader is taking a long position if both sides are sell/sell.? This trade is setting up for a bounce and a drop in IV.
- IV 30 is trading for 73%.?
- HV10 is trading for 120%.?
- IV 30 is below the HV 10.
Valeant Pharmaceuticals International, Inc. is a specialty pharmaceutical and medical device company. The Company is engaged in developing, manufacturing, and marketing a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices), which are marketed directly or indirectly in over 100 countries. The Company operates through two segments: developed markets and emerging markets.