The Options Insider

Put Spreads Trade in ILG – Massive Put Roller

by | Apr 27, 2017 | Unusual Activity

Shares of ILG Inc (ILG) are up .23 to 24.60 today.? ILG is making a 52 week high.

  • Paper traded 6677 ILG Jan18 2019 17/22 put spreads for .43 and 1.46.?
  • The ADV is 13k contracts.??
  • The open interest is 214K and 10002 puts.

The volume went up in 2 blocks on the ISE marked spread.? The customer looks like they are starting a roll that goes back to Dec 15 puts.? As ILG has rallied the customer closes downside puts and sells new OTM puts and so far the strategy has been successful.? The timing of the long term put roll is very good.

  • IV 30 is trading for 30%.?
  • HV10 is trading for 18%.?
  • IV 30 is above the HV 10.

ILG, Inc., formerly Interval Leisure Group, Inc., is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership.