12000/24000 P Mar 15/18 call spreads went up in several blocks on the PHLX
Shares of Pandora Media Inc. (P) is up .17 to 13.50 today.? P is near the middle of the 52 week range.
- Paper trade 12000/24000 P Mar 15/18 call spreads for .52.?
- The ADV is 15k.?
- The OI is less than 3k contracts.
The volume went up in several blocks on the PHLX marked spread.? As priced the trade is a 1 x 2 call spread that is selling the upside calls.? Most likely the trader is betting on a takeout price of $18 or so for P.? P has been the subject of takeover rumors lately.
- IV 30 is trading for 66%.?
- HV10 is trading for 79%.?
- IV 30 is below the HV 10.
Pandora Media, Inc. (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage.