Yesterday, shares of Banco Itau Holding Co. (ITUB) were trading up .28 to 17.33.? ITUB is trading nearer the the 52-week highs than lows.
Paper traded the ITUB Jun 18 calls for prices ranging from? .30 to .35 5,600 times and the ITUB Sep 19 calls for .50 3,700 times.? Average volume is 3,968.? Open interest is 9,500 and 6,500, respectively.
The trade was marked spread but the volume looks mostly like buy-buy based on the trade going up near or on the offer at the time.? IV is up .5 in both months and the heavy open interest suggests closing trades.? Check the OI tomorrow here.? If they are opening buys, that would be very bullish.
30-day implied volatility is 25%.?? 10-day implied volatility is 26%.? 30-day implied volatility is trading below the 10-day historical volatility.
Itau Unibanco Holding SA is a Brazil-based holding active in the banking sector.