2500/6700 CAB Mar17 52.5 puts over Mar17 45 puts went up in 2 blocks on the ARCA marked spread.?
Shares of Cabelas Inc. (CAB) are down 1.83 to 46.96 today. ?CAB is near the middle of the 52 week range.
- Paper traded 2500/6700 CAB Mar17 52.5 puts over Mar17 45 puts for 6.00 and 2.25.?
- The ADV is 1114.?
- The OI is 3639 and 1009 contracts.
The volume went up in 2 blocks on the ARCA marked spread.? Most likely the trader is rolling down the 52.5 puts taking profits and buying more 45 puts on a ratio.? This could be a house money roll to keep the short going through earnings.
- IV 30 is trading for 54%
- HV10 is trading for 25%.?
- IV 30 is above the HV 10.
Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company offers national and regional brand products, including its Cabela’s brand.