20000 ASNA Jan 2016 11 puts &?Jan 2016 14 calls?traded w/?10000 Dec 12 puts in 3 blocks on the AMEX marked spread. ?
Shares of ?Ascena Retail Group Inc (ASNA) are down .57 to 11.29 today.? ?ASNA is near the bottom of the 52 week range.
- Paper traded 20000 ASNA Jan 2016 11 puts for .70 and Jan 2016 14 calls at .20 with 10000 Dec 12 puts at .75. ??
- The ADV is 5773 contracts.?
- The OI is 16 and 4462 in Jan and 5951 in Dec.
The volume went up in 3 blocks on the AMEX marked spread. ?The trade looks like a modified straddle where the Dec put short is the long and the short Jan 14 calls is the upside short.? The extra Jan 11 puts could be a protective hedge against stock and if assigned becomes a straddle.
- IV 30 is trading 66%.?
- HV10 is trading for 54%.
- ? IV 30 is trading above the HV 10.
Ascena Retail Group, Inc. is a national specialty retailer offering clothing, shoes and accessories for missy and plus-size women through its 100% owned subsidiaries, under the Lane Bryant, maurices, dressbarn and Catherines brands; and for tween girls and boys, under the Justice brand.