Closing Puts Trade In CLX, Giant Put Roll In RSX and Modified Collar Goes Up In YELP
Puts Trade In CLX – Puts Closing?
Shares of Colfax Corp (CLX) are down 1.19 to 54.23 today.? CFX is near the lower end of the 52 week range.
Today paper traded 1410 Nov 62.5 puts at 8.3-8.6.? The ADV is 268 contracts.? The OI is 1885 contracts.
Volume went up in 4 blocks. The options traded with paper hitting the bid originally but working down for lower prices on the put sale.? This is consistent with a closing seller trying to push put sales into the market.? From the prices the put seller did well on this close.
30-day implied volatility is 29%.?? 10-day implied volatility is 50%.? 30 day implied volatility is trading below the 10 day realized volatility
Colfax Corporation (Colfax) is a global industrial manufacturing and engineering company. The Company provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide under the Howden and ESAB brand names and by Colfax Fluid Handling. Colfax?s products are marketed principally under the brand names Allweiler, Baric, Fairmount Automation, Houttuin, Imo, LSC, COT-Puritech, Portland Valve, Tushaco, Warren and Zenith.
Puts Roll In RSX – Giant Put Roll
Shares of the Market Vectors Russia ETF (RSX) are up .02 to 21.09.? RSX is near the bottom of the 52 week range.
Today paper traded 40438 RSX Oct 24 Weekly 21.5/Nov 14 Weekly 21 put spreads for .07. ? The ADV is 20811.? The OI is 433351 and 342 contracts.
Volume went up in 2 massive blocks.? The trade went up as the customer rolls from the 21.5s to the 21 for close to even money.? There has been .10 put sellers in this name before and this is the first time they have had roll the short put for a loss.? The trade for close to even money is given them a shot to get back to even.? The Options Insider profiled put sellers at .10 here on Sep 15th.
30-day implied volatility is 31%.?? 10-day implied volatility is 26%.? 30 day implied volatility is trading above the 10 day realized volatility
Market Vectors Russia ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS). DXRPUS is a modified market capitalization-weighted index consisting of publicly traded companies that are domiciled in Russia.
Modified Collar Goes Up In YELP – Delta Neutral Collar Goes Up
Shares of Yelp Inc. (YELP) are down 10.58 to 59.64 today.? YELP is near the lower end of the 52 week range.
Today paper traded 2183 YELP Jan 2016 45p/70 calls for 3.70.? The ADV is 15249 contracts.? The OI is less than 800 contracts.
Volume went up in two large blocks.? The trade volume looks like call seller/put buyer type collar against stock.? The volume printed concurrently was 54730 shares so the trade is close to delta neutral.? The trader is planning on a slow move back up with the 70 calls coming under pressure.
10 Day Realized Volatility is 56%.? 30 Day Implied Volatility is 51%? 30 Day IV is trading below the 10 day realized volatility
Yelp Inc. connects people with great local businesses. Its users have contributed a total of approximately 36.0 million cumulative reviews of almost every type of local business, from restaurants, boutiques and salons to dentists, mechanics and plumbers.