Paper traded 6800/13800/6800 VIX Feb 20/25/35 Call Trees for .03 credit.
Call sellers in AMD- possible buy writers in AMD.
Shares of Advanced Micro Devices (AMD) are up .06 to 2.73 today. ??AMD is near the bottom of the 52 week range.
Paper traded 50000 AMD Jul 3 calls at .25.?
- The ADV is 20k contracts.
- The OI is 11142 contracts.
The volume went up in 1 block.? The trade went up with volume now over 71k contracts.? The trader here is looking at a buy write set to yield around 10% until Jul expiration.? Some paper is going up marked buy-write.
- IV 30 is trading for 64%.
- HV10 is trading for 72%.
- IV 30 is trading below the HV 10.
Advanced Micro Devices, Inc. (AMD) is a global semiconductor company located in the United States, with facilities around the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and mobile devices, including mobile personal computers, or PCs, and tablets, professional workstations and servers and graphics, video and multimedia products for desktop and mobile devices, including mobile PCs and tablets, home media PCs and professional workstations, servers and technology for game consoles.
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3 way trade in VIX- possible explosion trade
The CBOE Volatility Index (VIX) is down .99 to 18.46. ?VIX is in the middle of the 52 week range.
Paper traded 6800/13800/6800 VIX Feb 20/25/35 Call Trees for .03 credit. ??
- The ADV is 470k contracts.
- The OI is over 50000 contracts per strike
The volume went up in 3 blocks marked spread.? The call tree is net long 13800 if the trade is an opening transaction.? If the trade is closing, the pullback in VIX could be enough to generate a nice credit but the IV drop is not that big.? The trader is looking for a no cost explosion type setup.? The OI on the Feb 35 strike is 50602 so that is the easier strike to detect an opening transaction.
- IV 30 is trading for 110%.
- HV10 is trading for 163%.
- IV 30 is trading below the HV 10.
The CBOE Volatility Index measures the implied volatility of the S&P 500 index options maintaining constant 30 day duration.
Call spreads trade in BYD- potential roll back
Shares of Boyd Gaming Corp (BYD) are up .44 to 13.56 today. ?BYD is near the top of the 52 week range.
Paper traded 5628 BOYD Feb 14 /Mar 15 call spreads for a .20 debit.
- The ADV is 2603 contracts. ?
- The OI is over 1233 in Feb and 13071 in Mar.
The volume went up in two blocks.? Total spread volume is over 9000 contracts with paper paying up for the Feb 14 calls.? The trade appears to be a roll back and down to add some short term leverage prior to the earnings cycle.? It is a very curious roll unless the trader things the BYD is going to take off in Feb.? The trade might make sense as an opening diagonal but would need to see the OI tomorrow for that.
- IV 30 is trading for 49%.
- HV10 is trading for 35%.
- IV 30 is trading over the HV 10.
Boyd Gaming Corporation (Boyd Gaming), incorporated in June 1988, is a multi-jurisdictional gaming company. The Company is an operator of 16 wholly owned gaming entertainment properties and one controlling interest in a limited liability company. It has gaming operations in Nevada, Illinois, Louisiana, Mississippi, Indiana and New Jersey. It operates in four segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Atlantic City.