5000 COH Oct 29 puts went up in 1 large block on the PHLX?&?looks like an opening put sale hitting the bid.
Shares of Coach Inc. (COH) are down .81 to 29.05 today. ?COH is at the lower end of the 52 week range.
- Paper traded 5000 COH Oct 29 puts at 1.20.
- The ADV is 5730 contracts.? ?
- The open interest is 105 contracts.
The volume went up in 1 large block on the PHLX.? The trade looks like an opening put sale hitting the bid.? A put roller of around 2500 puts rolled to the 29 strike to take an opposite positition.
- IV 30 is trading for 44.5%.?
- HV10 is trading for 34%.?
- IV 30 is at the HV 10.
Coach, Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. Its product offerings include watches, footwear, scarves and jewelry.