15000 EXPR Jun16 9/10 call spreads went up in 2 blocks on the ARCA
Shares of Express Inc. (EXPR) are down .16 to 7.97 today.? ?EXPR is near the bottom of the 52 week range.
- Paper traded 15000 EXPR Jun16 9/10 call spreads for .25.?
- The ADV is 1645 contracts.? ?
- The open interest is 675 and 17464 contracts.
The volume went up in 2 blocks on the ARCA marked spread. ??The trade looks like the customer is closing the 10 calls and buying the 9s.? They are looking for a bounce off of the near term lows for EXPR.
- IV 30 is trading for 67%.?
- HV10 is trading for 52%.?
- IV 30 is above the HV 10.
Express, Inc. is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old.