The Options Insider

TAP Call Spreads Go Up

by | Jul 22, 2015 | Unusual Activity

3850 TAP Jan 2016 72.5/82.5 call spreads up in 2 blocks on the CBOE marked spread. ??

Calls trade in TAP- call spreads go up

TAP

Shares of Molson Coors Brewing Corp. (TAP) are down .01 to 71.31 today. ???TAP is near the middle of the 52 week range.

  • Paper traded 3850 TAP Jan 2016 72.5/82.5 call spread for 3.25.
  • The ADV is 5814 contracts.
  • The OI is 363 and 2198 contracts.

The volume went up in 2 blocks on the CBOE marked spread. ??This trade as priced looks like the customer is selling the spread.? This is a very aggressive near the money spread with TAP trading 71.24.? An additional block of calls went up pushing the volume over 5000 contracts per strike.

  • IV 30 is trading for 27%.
  • HV10 is trading for 13%.
  • IV 30 is trading above the HV 10.

Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands, including Carling, Coors Light, Molson Canadian and Staropramen brands, as well as craft and beers, such as Blue Moon, Creemore Springs, Cobra and Sharp’s Doom Bar.

 

Puts trade in MSFT-opening put buy

MSFT

Shares of Microsoft Inc. (MSFT) are down 1.49 to 45.80. ?MSFT is near the middle of the 52 week range.

  • Paper traded 9000 MSFT Jul 24 weekly 45.5 puts for .18.
  • The ADV is 97k contracts.
  • The OI is 5365 contracts.

The volume went up in 1 block on the ISE.? MSFT earnings are out and the trader is looking to take a cheap shot on the stock continuing to fall.? The puts are slightly in the black now.

  • IV 30 is trading 17%.
  • HV10 is trading for 12%.
  • IV 30 is trading above the HV 10.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers.

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Puts trade in TSO- large put seller is back

TSO

Shares of the Tesoro Corp. (TSO) are up .99 to 99.74 today. TSO is trading near the top of the 52 week range.

  • Paper traded 25509 TSO Aug 85 puts for .48. ??
  • The ADV is 9450 contracts. ?
  • The OI is 44421 contracts.

The volume went up in one block on the PHLX marked buy write.? ?These puts went up with 252k shares of TSO for 99.75.? The put block went up through the bid.? The trade does appear similar to one yesterday where the puts and stock look sell/sell on delta neutral basis.? In this case the trader is looking for a muted move or closing an existing position before earnings.

  • IV 30 is trading for 37%.
  • HV10 is trading for 42%.
  • IV 30 is below the HV 10.

Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.