The Options Insider

Calls Trade in DKS – Spreads Trade into Earnings

by | Mar 6, 2017 | Unusual Activity

Shares of Dicks Sporting Goods (DKS) are down .15 to $52.19. DKS is near the middle of the 52 week range.

  • Paper traded 2000/2500 DKS Mar52.5/57.5 call spreads for 2.00 and .40.
  • The ADV is 5630 contracts.
  • The open interest is 6919 and 10706.

The volume went up in 2 blocks on the PHLX marked spread. There is high open interest in both strikes so the trade could be closing.? However the extra 500 contracts could be roll up to the next strike with paper buying the 52.5s and selling the 57.5s. There is no way to check the OI prior to earnings on this one.

  • IV 30 is trading for 52%.
  • HV10 is trading for 32%.
  • IV 30 is above the HV 10.

DICK?s Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States.