In two blocks, paper sold 9,750 MX Sep 7.5 puts for .08 and .09 and bought 19,500 MX Sep 5 puts for .01.?
Magnachip Semiconductor Co trading 8.76 up .21 with an IV30 of 60.40 with an HV10 of 38.12 saw a put spread trade.? A customer appears to be closing a long put spread based on the open interest.? The ADV of MX is 847 and it has an OI of 43,442, almost all of that was closed today. In two blocks, paper sold 9,750 MX Sep 7.5 puts for .08 and .09 and bought 19,500 MX Sep 5 puts for .01.?
This trade was done a few weeks ago on August 5th.? The customer was long this, likely as a hedge.? The customer is now closing this hedge trade.?
This trade is bullish the underlying and bullish volatility.