25000 MBI Feb 3/5 put spreads went up in two blocks on the PHLX. ?
Shares of ?MBIA Inc (MBI) are down .34 to 6.57.? ?MBI is near the lower end of the 52 week range.
- Paper traded 25000 MBI Feb 3/5 put spreads for .24.?
- The ADV is 3314 contracts.?
- The OI is 15 and 8700 contracts.
The volume went up in two blocks on the PHLX. ?The buyers look like they are expecting lower prices for MBI or are trying to hedge a stock position.? MBI would need to drop below year lows to make these put spreads pay.
- IV 30 is trading 66%.?
- HV10 is trading for 61%.?
- IV 30 is trading above the HV 10.
MBIA Inc. (MBIA) is a holding company. Through its subsidiary, the Company provides financial guarantee insurance to the United States public finance markets.