Over 8,000 SQ Dec 12 calls traded for .80 against OI of 18,000 in what appears to be opening call sales.
Square Inc., trading 10.94 (down .38) with an IV30 of 43.75 and an HV10 of 43.35, is seeing December calls traded today.? The stock, with an ADV of 6200 contracts and an OI of 129,700, has seen over 8,000 of the December 12 calls trade for .80 against OI of 18,000 in what appears to be opening call sales.
This appears to be a customer that is a holder of SQ stock that is selling options at the 12 strike in December, about 4 months out, at .80 which is over a 7.25% yield on a stock that really hasn?t done much since its IPO.
This trade is neutral SQ and bearish SQ volatility.