The Options Insider

Big Roll Down in KORS

by | May 28, 2015 | Unusual Activity

14582/8000 KORS Jan 2016 75 calls over Jan 2017 50 calls went up in 2 blocks on the PHLX marked spread. ??

Calls trade in GLD- giant call spread

gold bullion

Shares of SPDR Gold Trust (GLD) are up .01 to 113.90.? GLD is near the lower end of the 52 week range.

  • Paper traded 98609 GLD Jun 117.5/120 call spreads for .25.
  • The ADV is 91k contracts.
  • The OI is 1237 and 115k contracts.

The volume went up in 2 blocks on the PHLX. ??This trade looks like a losing money roll where the trader is getting closer to the money to recoup losses.? They are staying long and in the same month so they are expecting GLD to pop from here.?

  • IV 30 is trading for 12%.
  • HV10 is trading for 14%.
  • IV 30 is trading below the HV 10.

SPDR Gold Trust (the Trust) is an investment trust. The Trust holds gold and issues shares (Shares) (in minimum blocks of 100,000 Shares, also referred to as Baskets) in exchange for deposits of gold and distributes gold in connection with redemption of Baskets.

 

Calls trade in KORS- big roll down ??????????????????????????????????

KORS

Shares of Michael Kors Holding ltd (KORS) are up0 .70 to 46.82 today. ?KORS is near the lower end of the 52 week range.

  • Paper traded 14582/8000 KORS Jan 2016 75 calls over Jan 2017 50 calls for .05 and 6.7.
  • The ADV is 14800 contracts.
  • The OI is 16588 and 522 contracts.

The volume went up in 2 blocks on the PHLX marked spread. ??This trade looks like a huge roll down where the Jan 2016 calls got snuffed and the trader is rolling back to the near the money 2017 50 calls.? The lower volume probably means the trader did not get out of the 2016 75 calls at good prices when KORS was at higher levels.? Reloading at lower levels here.

  • IV 30 is trading 30%.
  • HV10 is trading for 138%.
  • IV 30 is trading below the HV 10.

Michael Kors Holdings Limited is a global luxury lifestyle brand company. The Company operates its business in three segments namely Retail, Wholesale and Licensing. It has global distribution network of company-operated retail stores, department stores, specialty stores and select licensing partners.

 

Calls trade in DSW- upside call buyers

DSW Logo

Shares of DSW Inc. (DSW) are down .60 to 34.54 today. ?DSW is in the middle of the 52 week range.

  • Paper traded 4499 DSW Jul 35 calls for 1.10 today.
  • The ADV is 741 contracts. ?
  • The OI is 3309 contracts.

The volume went up in 1 block on the CBOE.? This trade swept through the offer on the calls as scattered buyers came in after the print.? The trader wants upside exposure.

  • IV 30 is trading for 26%.
  • HV10 is trading for 26%.
  • IV 30 is at the HV 10.

DSW Inc. (DSW) is a footwear and accessories retailer that offers a selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. As of November 1, 2014, the Company operated 431 DSW stores, dsw.com and shoe departments in 267 Stein Mart stores, 98 Gordmans stores and one Frugal Fannie?s store.