In blocks of 15,657, 1671, and 1104 paper sold the SFUN Aug 5 calls at .20 totaling over 23,400 calls.
SouFun Holdings LTD, trading 4.93 (down .09) with an IV30 of 58.25 and an HV10 of 44.40, is seeing large call selling today.? The stock, with an ADV of 2,000 contracts and OI of 108k, is seeing LOTS of call selling on the August 5 calls at .20 ahead of earnings later in the month.? In blocks of 15,657, 1671, and 1104 paper sold the Aug 5 calls at .20 totaling over 23,400 calls. 29,000 of these calls traded around .50-.60 in mid-June so these could be a close as the OI is 24,780.
This could be a customer overwriting against a long stock position ahead of earnings.? Alternatively, and more likely this is a customer throwing in the towel on SFUN before the call options become totally worthless.?
This trade is bearish SFUN and bearish SFUN vols.