16000 SPY Dec16 230/240 boxes went up in 4 blocks on the ARCA
Shares of the SPDR S&P 500 trust (SPY) are down .54 to 225.93 today.? SPY is near the top of the 52 week range.
- Paper traded 16000 SPY Dec16 230/240 boxes for .09. ?
- ?ADV is 2.7 mil contracts.?
- The OI is over 100k contracts per strike.
The volume went up in 4 blocks on the ARCA.? Usually a $10 box would trade near or under parity but? the dividend potential is pushing this trade over $10.? If SPY rallies hard the 230 call could be an exercise for the 1.30 dividend on the 12/16.? The trade is a box with an implied call built in.
- IV 30 is trading 10%.?
- HV10 is trading for 08%.?
- IV 30 is above the HV 10.
SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio),