Calls Trade In SGMS – Big Roll Up
Shares of Scientific Games Corp. (SGMS) are up .02 to 8.98 today.? SGMS? is near the lower end of the 52 week range.
Paper traded 3936/6872 SGMS Mar 7/Jan 2017 12 calls for 1.8/1.95.? The ADV is 2028 contracts.? The OI 7500 and 6395 contracts.
The volume went up in two blocks on the ARCA marked spread.? The trade is most likely a close on the near term options and a roll into a longer term option.? From the OI the Jan 2017 is opening and the trader could be riding more of the long Mar 7 higher.? For now they are in to win on the upside.
IV 30 is trading 86%.? HV10 is trading for 161%.? IV 30 is trading below the HV 10.
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming and lottery industries. The Company operates in three segments: Gaming, Lottery and Interactive.