The Options Insider

Drawing a Line in the Sand in Pandora

by | Apr 8, 2016 | Unusual Activity

1148 P May 7 puts went up marked sweep on the PHLX.?

Pandora Media

Shares of Pandora Media Inc (P) are down .23 to 8.30 today.? P is near the bottom of the 52 week range.

  • Paper traded 1148 P May 7 puts at .32.?
  • The ADV is 8948 contracts.?
  • The OI is 418 contracts.

The trade went up marked sweep on the PHLX.? Total volume on this strike is 10000 contracts as sellers crush the volatility and the May 7 put strike in scatter but steady blocks.? The trader looks willing to take the stock ?under $7.

  • ?IV30 is 86%; HV10 is 94%?
  • The implied volatility is trading at a discount to the realized volatility.

Pandora Media, Inc. is a United States-based provider of Internet radio in the United States.