The Options Insider

Calls and Puts Trade in CBS – Possible Straddle Seller in Nov

by | Oct 24, 2016 | Unusual Activity

Shares of CBS Corp (CBS) are down 1.17 to? 56.49 today.? CBS is near the top of the 52 week range.

  • Paper traded 5000 CBS Nov11 57 calls and puts for 1.50 and 1.60.?
  • ADV is 7505.?
  • The OI is less than 50 contracts.

The volume went up in 2 blocks on the ARCA.?? There is no OI and the calls trade through the posted bid at the time so this is most likely a straddle seller.? The combinations did not match up with enough stock prints to be a reversal conversion type trade so this would be a straddle sale into earnings.

  • IV 30 is trading for 29%.?
  • HV10 is trading for 14%.?
  • IV 30 is above the HV 10.

CBS Corporation is a mass media company.