3674/3182 RAI May 52.5 calls trade over Apr 52.5 calls marked spread on the PHLX
Shares of Reynolds American, Inc (RAI) are down .30 to 50.03 today.? RAI is near the top of the 52 week range.
- Paper traded 3674/3182 RAI May 52.5 over Apr 52.5 for .55 over .05.?
- The ADV is 2821 contracts.?
- The OI is 6055 in May and 5560 in Apr contracts.
The trade went up marked spread on the PHLX.? The trade looks like a sell to close on the Apr 52.5 and buy to open on the May 52.5s.? There is enough OI on both to be a close so there is a chance the trader made money by closing the short time spread.? If close and open, they are trying for another shot at a rally in RAI.
- ?IV30 is 20%; HV10 is 12%?
- The implied volatility is trading at a premium to the realized volatility.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company.