Paper bought 20,000 BUD Jan 2018 170 calls delta neutral paying 2.75.?
Anheuser Busch Inbev SA, trading 124.62 with an n IV30 of 23.97 and an HV10 of 18.50, saw long term bullish call action.? The beer stock, with an ADV of 5900 and an OI of 173,000, saw a customer buy 20,000 of the Jan 2018 170 calls delta neutral paying 2.75.? These calls are WAY out of the money and do well if BUD moves up about 40% which would be a nice move over the next 20 months.?
The customer is likely making a bet on some sort of long term corporate action OR that the macro-brewer will see a big turnaround in beer sales worldwide.
This trade should be considered bullish BUD and long term bullish vol in the name.