Calls Trade In FTR – Large Call Sellers Pop In
Shares of Frontier Communications Corp (FTR) are up .15 to 5.62 today.? FTR is near the middle of the 52 week range.
Paper traded 20000 FTR May 5 calls for .60.? The ADV is 8578.? The OI is 63000 contracts.
The volume went up on a Price Variation tag on the AMEX.? Usually a block this size is with stock but no stock of size went up with the option trade.? With the large OI this sale is probably a successful close of a long call positions with 40000 contracts left to go.
IV 30 is trading for 54%.? HV10 is trading for 74%.? IV 30 is trading below the HV 10.
Frontier Communications Corporation is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products.