19800/13000 BLDR MAY 16/12 call spreads went up in 2 blocks on the ARCA.?
Shares of Builders FirstSource, Inc (BLDR) are up .46 to 11.25.? BLDR is near the middle of the 52 week range.
- Paper traded 19800/13000 BLDR MAY 16/12 call spreads for .30 and .80 ?
- The ADV is 236 contracts.? ?
- The open interest is 31798 and 23096 contracts.
The volume went up in 2 blocks on the ARCA.? This spread appears to be a closing trade on a little upside pop in BLDR.? There is substantial open interest on the trade in a very lightly traded name.? From the opening prices it appears the investor is getting out for a scratch if they indeed bought the slight ratio spread first.
- IV 30 is trading for 44%.?
- HV10 is trading for 29%.?
- IV 30 is above the HV 10.
Builders FirstSource, Inc. is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers.