12000/12000 CY Sep 10 calls over Sep 6 puts went up in several blocks on the PHLX
Shares of Cypress Semiconductor (CY) are down .03 to 7.80.? CY is at the bottom of the 52 week range.
- Paper traded 12000/12000 CY Sep 10 calls over Sep 6 puts for .05. ?
- The ADV is 5554 contracts.? ?
- The open interest is less than 300 contracts.
The volume went up in several blocks on the PHLX marked spread. ??The trade as priced looks buying the Sep 10 calls and selling the Sep 6 puts.? The trader is expecting CY to get back to the high end of the range by Sep.
- IV 30 is trading for 51%.?
- HV10 is trading for 50%.?
- IV 30 is above the HV 10.
Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military.