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Calls And Puts Trade In P
Shares of Pandora Media Inc (P) are up 1.12 to 20.83 today. P is near the middle of the 52 week range.
- Paper traded 20000 P Jan 15/20 put spread for 1.85.
- The ADV is 15974 contracts.
- The OI is 25971 and 12476 contracts.
The volume went up in 2 blocks on the PHLX marked buy write. This customer could be rolling up a long put from the 15 strike to the 20 strike. 460k shares of P trade 20.75 which would be around delta neutral if the 15 strike is an open. The trade is probably opening put spread to protect a new long stock position with the assumption P does not drop too far below $15.
- IV 30 is trading for 69%.
- HV10 is trading for 21%.
- IV 30 is above the HV 10.
Pandora Media, Inc. (Pandora) is a provider of Internet radio services. The Company offers personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices.