59500 SPLS Jan 2016 15/17 call spreads went up in 2 blocks on the CBOE

Calls trade in SPLS- big call spreads

SPLS

Shares of Staples Inc. (SPLS) are up .39 to 14.30 today. SPLS is near the middle of the 52 week range.

  • Paper traded 59500 SPLS Jan 2016 15/17 call spreads for 1.05 over .43.
  • The ADV is 6839 contracts.
  • The OI is 7840 and 176k contracts.

The volume went up in 2 blocks on the CBOE marked spread. ??The massive spread is likely a roll down to the nearer strike to capture a move higher.? There is another 90k contracts to roll if that is the case.

  • IV 30 is trading for 36%.
  • HV10 is trading for 25%.
  • IV 30 is trading above the HV 10.

Staples, Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products, such as Websites and mobile platforms, retail and online shopping and a range of copy and print and technology services.

 

Calls trade in AHT- massive call buy

AHT

Shares of Ashford Hospitality Trust (AHT) are down .09 to 8.74. ?AHT is near the middle of the 52 week range.

  • Paper traded 7000 AHT Sep 10 calls for .25.
  • The ADV is 49 contracts.
  • The OI is 0 contracts.

The volume went up in 1 block on the CBOE marked price variation.? The calls started trading .15 on an initial 0-.15 wide market.? The traders took the offer for .15 and printed the balance of the calls for .25 with the new market offered hired.? The call buy is in the earnings cycle.

  • IV 30 is trading 55%.
  • HV10 is trading for 50%.
  • IV 30 is trading above the HV 10.

Ashford Hospitality Trust, Inc., (Ashford), together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry.

 

Calls and puts trade in BKS- combos trade with a spread

BKS

Shares of Barnes and Noble Inc. (BKS) are down .39 to 25.97. ?BKS is near the middle of the 52 week range.

  • Paper traded 1840 BKS Sep 24 puts for .40 and Sep 26/30 calls for 1.15. ??
  • The ADV is 1430 contracts. ?
  • The OI is less than 500 contracts.

The volume went up in 3 blocks on the PHLX marked spread. ??The puts traded on the bid and the call spread went up near the offer so net the trader wants a long call spread and short put position.? Net they paid .65 to get long the near the money strike.

  • IV 30 is trading for 33%.
  • HV10 is trading for 24%.
  • IV 30 is below the HV 10.

Barnes & Noble, Inc. is a bookseller. The Company is a content, commerce and technology company, which provides access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform. Its principal business is the sale of trade books, mass market paperbacks, children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, emblematic apparel and gifts, school and dorm supplies, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on barnesandnoble.com.