The Options Insider

Call Spreads Trade In ALTR

by | Apr 10, 2015 | Unusual Activity

Call Spreads Trade In ALTR – Multi Leg Spreads

ALTR

Shares of Altera Corp. (ALTR) are up .77 to 44.10 today.? ALTR? is near the top end of the 52 week range.

  • Paper traded 10000 ALTR Apr 47/55 call spread for 1.0.?
  • The ADV is 9187 contracts.?
  • The OI is 8971 and 185 contracts.

The volume went up in 2 blocks marked spread.? This trade went up with a May 47/55 call spread priced for $2.? The Apr spread is opening and it looks like trade is betting on a takeover materializing for ALTR.? The May call spread looks buy as well.? Over all the paper is bullish.

  • IV 30 is trading for 66%.?
  • HV10 is trading for 132%.?
  • IV 30 is below the HV 10.

Altera Corporation is a semiconductor company. The Company designs and sells high-performance, high-density programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks known as intellectual property (IP) cores, and associated development tools.

 

Calls Trade In DLR – Bid Near The Money Call Buys

digital-realty-trustShares of the Digital Realty Trust, Inc (DLR) are down .02 to 65.33 today.? DLR is in the middle of the 52 week range.

  • Paper traded 2218 DLR May 65 calls for 2.10.?
  • The ADV is 856 contracts.?
  • The OI is 136 contracts.

The volume went up in 1 block on the PHLX.? Total volume on this strike is over 6000 contracts as traders pile in to buy these calls.? Earnings are on May 5th so the long delta bet is taking into account the earnings cycle.?? None of the calls went up marked tied to stock so the trade looks bullish into earnings.

  • IV 30 is trading for 23%.?
  • HV10 is trading for 18%.?
  • IV 30 is trading above the HV 10.

Digital Realty Trust, Inc. is a real estate investment trust that owns, acquires, develops and manages technology-related real estate. The Company is a sole general partner of Digital Realty Trust, L.P.

 

Calls Roll In MAC – Rolling Out Time Spread

?Macherich logoShares of Macerich Co. (MAC) are up 1.59 to 81.89 today.? MAC is near the middle of the 52 week range.

  • Paper traded 4100 MAC May/Jun 85 call spreads for 1.00.?
  • The ADV is 5847 contracts.??
  • The OI is 2908 on the May?s and 5152 on the June?s..

The volume went up in two blocks marked spread.? May open interest has this trade as an open and Jun is carrying enough OI which could make this a close.? The trade does look like the buyer is trying to back into a cheap Jun call or cheap time spread with the bid in May.? The forward roll would be odd so the trade is likely opening.

  • IV 30 is trading for 30%.?
  • HV10 is trading for 44%.?
  • IV 30 is below the HV 10.

The Macerich Company is a fully integrated self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.