10000 AA Feb 32/35 calls spreads went up in 2 blocks on the PHLX
Shares of Alcoa Corp (AA) are up .24 to 29.89 today.? AA is near the upper end of the 52 week range.
- Paper traded 10000 AA Feb 32/35 calls spreads for 1.20 and .45. ?
- ADV is 14k.?
- The OI is 240 and 10886 contracts.
The volume went up in 2 blocks on the PHLX.? This appears to be a roll down trying to grab a move to the upside.? AA slid back and the pricing would indicate sell to close on the Feb 35s.? The trader is trying to reload by moving closer to the money.
- IV 30 is trading for 45%.?
- HV10 is trading for 28%.?
- IV 30 is above the HV 10.
Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling. membrane and other birth tissues in the wound care, surgical, sports medicine, ophthalmic and dental market categories