A trader today bought 5157 of the MW April 50 calls paying 2.05.? This is nearly 10X ADV of 645 calls/day and 4X total ADV.
Mildly Bullish Outlook on NBG
Earlier today NBG was trading at 1.48 with a vol of 128% whena trader sold 15,000 of the Mar 1.5 puts at .19.? The stock is down .09 on the day amid some continued fear in Greece.? This trader appears to think that NBG is not going to drop below 1.31 between now and expiration.
This trade should be considered bearish volatility and mildly bullish the stock.? It could be a trader trying to take delivery on some cheap NBG stock between now and march.? This trade has pushed IV in NBG lower by 18.5%.
While the stock has earnings on 3/19 this is much more of a macro play.
Aggressive Play in MW
At the time of this writing, MW was trading 49.04 down 1.15 with an IV of 41.21, up 3 points. MW has earnings on March 11.? A trader today bought 5157 of the April 50 calls paying 2.05.? This is nearly 10X ADV of 645 calls a day and 4X total ADV.
This is an outright bullish play on the underlying and is also bullish volatility in MW.? This is an aggressive trade in this name.
Traders looking to piggy back this trade might consider selling the April 50 puts in this name as a way of taking advantage of today?s pop in volaitlty.