Paper traded 20000 JCP May 8.5 puts for .30 ??
Shares of JCPenney Company (JCP) were?down .02 to 9.45 yesterday. ?JCP is near the middle of the 52 week range.
- Paper traded 20000 JCP May 8.5 puts for .30 ??
- The ADV is 24k contracts.? ?
- The open interest is 134 contracts.?
The volume went up in one block on the PHLX.?? ?There is substantial trade in similar strike puts in JCP and it seems that this put trader wants to catch the earnings cycle.? The way it was priced did not look like a stock and put trade.? The earlier May 13 Weekly put spreads looked like buy as well so the trade as posted looks bearish.
- IV 30 is trading for 62%.?
- HV10 is trading for 33%.?
- IV 30 is above the HV 10.
C. Penney Company, Inc. (JCPenney) is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices. The Company’s online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up.