10000 LOW Jun16 84/89 call spreads went up in 2 blocks on the PHLX marked buy write.? ?
Shares of Lowe?s Co. (LOW) are down .78 to 83.27 today. ?LOW is near the middle of the 52 week range.
- Paper traded 10000 LOW Jun16 84/89 call spreads for 1.77.?
- The ADV is 14194 contracts.?
- The OI is under 300 contracts.
The volume went up in 2 blocks on the PHLX marked buy write.? ?A stock print of 270000 shares went up concurrently with the option spread so the trader is buying a delta neutral backspread of sorts.? They are betting that LOW does not go too high after the earnings announcement.
- IV 30 is trading 26% ?
- HV10 is trading for 13%.?
- IV 30 is trading above the HV 10.
Lowe’s Companies, Inc. (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space.