The Options Insider

Call Traders Jump into CIEN

by | Mar 23, 2015 | Unusual Activity

1443 CIEN Apr 21 calls went up in one block on the CBOE.? CIEN IV is up 6 points in Apr as call buyers collect different strikes.?

Calls trade in ADSK- ratio call spreads go up

?ADSK

Shares of Autodesk, Inc. (ADSK) are down .14 to 60.84.? ADSK is in the middle of the 52 week range.

  • Paper traded 2600/5200 ADSK Apr 62.5/67.5 call spread for .78.
  • The ADV is 2674 contracts.
  • The OI is 4511 and 13162 contracts.

The volume went in two large blocks.? ADSK has not done much after earnings recently and this trade could be the close of a 1 x 2 done for a bigger credit.? If not, this is a hugely speculative opening backspread given the yearly range for ADSK.

  • IV 30 is trading for 25%.
  • HV10 is trading for 21%.
  • IV 30 is trading above the HV 10.

Autodesk Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services.

 

Call traders jump into CIEN- upside call buying

?CIEN

Shares of Ciena Corp (CIEN) are down .22 to 20.41 today. CIEN is near the middle of the 52 week range.

  • Paper traded 1443 CIEN Apr 21 calls for .51.
  • The ADV is 6392 contracts.
  • The OI is 6491 contracts.

The volume went up in one block on the CBOE.? CIEN IV is up 6 points in Apr today as call buyer collect different strikes.? There is solid OI in the Apr 21s but paper is lifting the offer to buy it back.? Normally this is opening paper as opposed to closing.? Call buyers have been steadily buying this strike most of the day.

  • IV 30 is trading for 34%.
  • HV10 is trading for 32%.
  • IV 30 is above the HV 10.

Ciena Corporation (Ciena) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic.

 

Calls trade in QIHU- some rolling action going on

?QIHU

Shares of Qihoo 360 Tech Co. (QIHU) are up 1.49 to 52.39. ?QIHU is near the lower end of the 52 week range.

  • Paper traded 5000/10000 QIHU Mar 46.5/Apr 54.5 calls at 4.40.
  • The ADV is 7636 contracts. ?
  • The OI is 2516 and 0 contracts.

The volume went up in several blocks on the PHLX marked spread.? QIHU is near the lower end of the range and this trader could be rolling some of the Mar 46.5s into the Apr 54.5s.? The Mar calls traded near parity (or under) so paper is most likely selling those and bidding for the April?s.? The trade as posted is bullish but long gamma.

  • IV 30 is trading for 43%.
  • HV10 is trading for 48%.
  • IV 30 is below the HV 10.

Qihoo 360 Technology Co. Ltd., is an internet company in China. The Company is engaged in the operations of internet services and sales of third party anti-virus software in the People’s Republic of China.