On the day paper sold over 18,000 IILG Jan 2017 16 puts.
Interval Leisure Group Inc., trading 16.45 with an IV30 of 27.65 down 3.28% and an HV10 of 52.20, is seeing large put selling today.? The stock, with an ADV of 5500 and an OI of 280,000, has seen a trader unload the Jan 2017 16 puts at 1.05 over and over again in different sized blocks.? On the day the trader has sold over 18,000 of these calls against strike open interest of just 559, this his is an opening sale.
This appears to be a cash secured put sale, with the customer selling puts to either collect the 1.05 in premium the trader sold these puts at, or the trader buying the stock for 14.95 if the stock does dip below 16, although the customer would likely prefer that not be the case.
This trade is bearish volatility in IILG and mildly bullish IILG stock.