20000 JCP Feb 7.5/8 call spreads and Jan 7 calls went up in 3 blocks on the PHLX marked spread.?
Shares of JC Penney Co. (JCP) are down .32 to 7.00.? JCP is near the bottom of the 52 week range.
- Paper traded 20000 JCP Feb 7.5/8 call spreads and Jan 7 calls for .15 and .08 ??
- The ADV 26239 contracts.? ?
- The open interest is 59914 in Jan and less than 500 contracts in Feb.
The volume went up in 3 blocks on the PHLX marked spread.? This trade looks selling the Jan 7s to close and buying the Feb 7.5/8 call spread for a small debit.? The trader is looking for lift in JCP after the current market selloff.
- IV 30 is trading for 58%.?
- HV10 is trading for 37%.?
- IV 30 is above the HV 10.
J. C. Penney Company, Inc. (JCPenney) is a holding company.