5000/2000 BEN Apr 45/Feb 40 call spreads went up in 2 blocks on the CBOE
Shares of Franklin Resources Inc (BEN) are down .09 to 36.89.? BEN is near the bottom of the 52 week range.
- Paper traded 5000/2000 BEN Apr 45/Feb 40 call spreads for .36.
- The ADV is 2102 contracts. ?
- The OI is 20000 in Apr and 31 in Feb.
The volume went up in 2 blocks on the CBOE marked spread. ?The spread went up with total volume 10000 in Apr and 5000 in Feb.? As priced the trader looked like they closed the Apr 45s and is rolling down for a near term spike in Feb.? The 45s are too out of touch now so the idea is the closer strike would work better, albeit less volume.
- IV 30 is trading 29%.?
- HV10 is trading for 46%.?
- IV 30 is trading below the HV 10.
Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names.