Paper bought over 12200 HBI June 28 calls with a large block of 5700 trading .725.?
Hanesbrands Inc., trading 27.43 with an IV30 of 33.75 and an HV10 of 24.68, is seeing lots of call action.? The purveyor of shirts and underwear worn by Michael Jordan has an ADV of 2240 and an OI of 87,000 contracts.? Traders have, on the day bought over 12200 of the June 28 calls with a large block of 5700 trading .725.? These calls have been bought outright, or in the case of the large block tied up to stock.?
The trader clearly thinking HBI is going higher and many traders seem to be jumping on his or her back. These trades have pushed volatility up 1.50% today alone.? The customer is thinking HBI is going to make a strong move up or down in the next few weeks, with the bias being up.
This trade should be considered aggressively bullish volatility and the underlying.