2000 PHM Apr 21 calls over Apr 16 puts went up in 2 blocks on the PHLX marked spread.?

PHM

Shares of Pulte Homes (PHM) are up .54 to 19.22.? PHM is in the middle of the 52 week range.

  • Paper traded 2000 PHM Apr 21 calls over Apr 16 puts for .61 and .36. ?
  • ?ADV is 2136 contracts.?
  • The OI is 2582 and 777 contracts.

The volume went up in 2 blocks on the PHLX marked spread.? The trade is most likely a risk reversal where the trader sold the puts through the bid and bought the calls through the offer.? The trade is bullish as posted.

  • IV 30 is trading 26%.?
  • HV10 is trading for 24%.?
  • IV 30 is at the HV 10.

PulteGroup, Inc. is a homebuilder operating in the United States.