15000 PPC Nov 17 puts went up in 1 block on the ARCA marked price variation. ?

PPC

Shares of Pilgrim?s Pride Corp. (PPC) are up .09 to 19.08 today.? ?PPG is near the lower end of the 52 week range.

  • Paper traded 15000? PPC Nov 17 puts for .15. ?
  • The ADV is 1596 contracts.?
  • The OI is 15196.

The volume went up in 1 block on the ARCA marked price variation. ?There is substantial open interest on the strike and this put trader looks like they want to close and take the money.? It appears to be a successful put sale with a risk control close.

  • IV 30 is trading 39%.?
  • HV10 is trading for 34%.?
  • IV 30 is trading below the HV 10.

Pilgrim’s Pride Corporation (Pilgrim’s) is a producer of Chicken products. The Company is a producer and seller of chicken products with operations in the United States, Mexico and Puerto Rico.