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Calls Trade In ADBE – Big OTM Call Block
Shares of Adobe Inc. (ADBE) are up .92 to 85.87 today.? ADBE is near the upper end of the 52 week range.
- Paper trade 15000 ADBE Oct 90 calls for .85.?
- The ADV is 6878 contracts.?
- The OI is 1715 contracts.
The volume went up in 1 block on the PHLX.? The customer traded the calls right in the middle of the market.? The IV is down slightly in Oct and there some scattered buying interest in the strike.? A block of 400000 shares did go up 15 min later and could be part of the call trade as a delta neutral buy write.? Without a stock hedge the trade is down money right now as a call sale.
- IV 30 is trading 29%.?
- HV10 is trading for 19%.?
- IV 30 is trading above the HV 10.
Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals, marketers, application developers, enterprises and consumers for creating, managing, delivering, optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com.