Shares of the S&P Depository Receipts (SPY) are trading up a .01 today to $141.31. SPY traded as high as $141.67on the day today.
Paper looked to sell calls early at the 145 strike in January to fade the rally. The SPY Jan 2012 145 calls traded for $1 4,700 times in large pieces early and 27,000 contract traded total this morning.? Many of the options went up on the ISE.
30-day implied volatility is trading 15.63%.?? 10-day implied volatility is just under 10%.? 30-Day Implied volatility is trading well above the 10-day historical volatility.? SPY is hemmed in with resistance at 142.22 for the 50-day moving overage.
The SPY is the ETF that mimics the S&P 500 index.
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