On an otherwise flat day, ESI is up 37% and call buyers are active looking at the Nov 6’s.?
Puts roll in CL- outside the mkt put roll
Shares of Colgate-Palmolive Corp (CL) are down .55 to 62.95 today.? CL is near the middle of the 52 week range.
Today paper traded 2484 CL Oct 67.5/NOV 65 puts at a 2.32 credit.?
- The ADV is 4131 contracts.
- The OI is 5802 Oct contracts 3056 Nov contracts.
Volume went up in 2 blocks.? This trade had the Oct puts closing at the lows of the day and selling to open the Nov 65 puts.? Both side of the trade posted through the markets as buyers of Oct and sellers of Nov.? This looks like a put seller caught out on the downdraft but want to maintain a long delta position.
- 30-day implied volatility is 20%. ?
- 10-day implied volatility is 14%.
- 30 day implied volatility is trading above the 10 day realized volatility
Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world. It operates in two segments: Oral, Personal and Home Care and Pet Nutrition. Oral Care business products include Colgate Total, Colgate Sensitive Pro-Relief, Colgate Max Fresh, Colgate Optic White and Colgate Luminous White toothpastes, Colgate 360? manual toothbrushes and Colgate and Colgate Plax mouth rinses.
Calls trade in ESI- possible call buyers
Shares of ITT Educational Services, Inc. (ESI) are trading up 1.29 to 5.26.? ESI is near the bottom of the 52 week range.
Today paper traded 700 ESI Nov 6 calls for .80-.85.?
- The ADV is 2278 contracts.
- The OI is 277 contracts.
Volume went up in two blocks.? The trade on the strike is showing intermarket sweep with buyers coming in between and taking the offers.? The play looks bullish on the back of a big jump in the stock price.
UA last covered ESI with a covering put buyer on 10/14
- 30-day implied volatility is 147%.
- 10-day implied volatility is 155%.
- 30 day implied volatility is trading below the 10 day realized volatility
ITT Educational Services, Inc. (ITT/ESI) is a provider of postsecondary degree programs in the United States. As of December 31, 2011, the Company offered master, bachelor and associate degree programs to approximately 73,000 students. As of December 31, 2011, the Company had 144 locations (including 141 campuses and three learning sites) in 39 states. In addition, ITT/ESI offered one or more of its online programs to students who were located in 48 states.
Puts sellers in INTU- opening put traders
Shares of Intuit Inc. (INTU) are down .70 to 78.81.? INTU is in the middle of the 52 week range.
Today paper traded 709 INTU Oct 80 puts at 1.70.?
- The ADV is 2455 contracts.
- The OI is 1282 contracts.
Volume went up in 1 block.? The trade on the strike is over 1678 with more sellers at 1.70.? Traders hit the bid in a $1 wide market so this sale was an aggressive long delta with 1 day to go to expiration.? It is possible the seller is looking for some news to hit the tape shortly.? The puts are still 1.70 bid.
- 30-day implied volatility is 35%.
- 10-day implied volatility is 23%.
- 30 day implied volatility is trading above the 10 day realized volatility
Intuit Inc. (Intuit) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions. The Company organizes its portfolio of businesses into four principal categories: Small Business Group, Tax, Financial Services and Other Businesses. Small Business Group include seven segments: financial management solutions, employee management solutions, payment solutions, consumer tax, accounting professionals, financial services and other businesses.