2000/5000 KATE Apr21 18/ May19 17 puts went up in 2 blocks on the PHLX marked spread
Shares of the Kate Spade & Co (KATE) are down 3.47 to 19.33 today.? KATE is near the lower end of the 52 week range.
- Paper traded 2000/5000 KATE Apr21 18/ May19 17 puts for .40 and .60 ?
- The ADV is 6545 contracts.?
- The OI is 12927 and 0 contracts.
The volume went up in 2 blocks on the PHLX marked spread. ?There is very high OI most likely from a .20 Apr 18 trade early in Mar that was part of a larger combination of calls.? It is not clear whether there was stock against this but May trade today looks like a buy.? The trader seems like they want to keep riding he short delta farther out.
- IV 30 is trading for 51%. ?
- HV10 is trading for 27%.?
- IV 30 is trading above the HV 10.
Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. It operates through three segments. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America.