It looks like a buy-writer may have rolled down in TOL today with almost 11k Oct 34 calls and 5500 Nov 31 calls trading.
Calls trade in RFMD
Shares of RF Micro Devices (RFMD) are down .23 to 10.67 today.? RFMD is in the middle of the 52 week range.
Today paper traded 6000 RFMD Nov 12 calls for .35.?
- The ADV is 3 contracts.
- The OI is 5399 contracts.
Volume went up in one block.? The trade is showing marked buy-write with 150000 shares going up against these calls.? On volume like this the trade is more of a delta neutral backspread so the customer is looking for a rise in IV.
- 30-day implied volatility is 48%.
- 10-day implied volatility is 47%.
- 30 day implied volatility is trading above the 10 day realized volatility
RF Micro Devices, Inc. is engaged in the design and manufacture of radio frequency (RF) solutions. The Company offers products that range from single-function components to integrated circuits and multi-chip modules (MCMs).
Puts roll in XOP- looks like a house money roll
Shares of SPDR S&P Oil and Gas Exploration ETF (XOP) are down 2.13 today to 64.76.? WLT is near the bottom of the 52 week range.
Today paper traded 7600 XOP Oct 63/65 put spreads at .79.?
- The ADV is 33306 contracts.
- The OI is 329 and 14489 contracts.
Volume went up in two blocks.? The trade is most likely closing the Oct 65 puts and rolling into the 63 puts.? Normally, if the customer was protecting a long equity position they would roll out the profits but in this case they look rolling down.? The put trader is expecting the slide in XOP to continue.? The 63 puts did trade through the offer at the time.
- 30-day implied volatility is 36%.
- 10-day implied volatility is 29%.
- 30 day implied volatility is trading above the 10 day realized volatility
PDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
Calls roll down in TOL- Buy writer possibly rolling down
Shares of Toll Brothers Inc. (TOL) are down .03 to 30.91 today.? WLT is near the bottom of the 52 week range.
Today paper traded 10776 TOL Oct 34 calls and 5500 TOL Nov 31 call at 1.05.?
- The ADV is 5003 contracts.
- The OI is 11487 in Oct and 71 in Nov.
Volume went up in two blocks.? The trade is most likely closing the Oct 34 calls and selling out a fraction of the TOL Nov 31s.? This way if TOL bounce there is some open upside left.?
- 30-day implied volatility is 25%.
- 10-day implied volatility is 15%.
- 30 day implied volatility is trading above the 10 day realized volatility
Toll Brothers, Inc. designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities.