627 FNF Feb 34 puts went up in 1 block & total size on the strike was 3124 as sellers knocked out the .10 bid.?
Early put closer in FNF- taking losses
Shares of Fidelity National Financial Inc. (FNF) are up .06 to 35.83 today.? FNF is near the top of the 52 week range.
Paper traded 627 FNF Feb 34 puts at .10.?
- The ADV is 968 contracts.
- The OI is 10056 contracts.
The volume went up in 1 block.? Total size on the strike was 3124 as seller knocked out the .10 bid.? UA profiled .20 buyers and this group of options trader are closing early for a .10 loss.? There is OI of 10k so there is more to go here as the traders are not waiting for earnings to come out.
- IV 30 is trading for 25%.
- HV10 is trading for 18%.
- IV 30 is trading above the HV 10.
Fidelity National Financial, Inc. (FNF) is a holding company. The Company operates in four segments: Fidelity National Title Group, Remy, Restaurant Group, Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF?s title insurance underwriters and related businesses.
Quick call sale in LNCO- call sellers most likely buy writing
Shares of LinnCo LLC (LNCO) are up .61 to 14.44 today.? LNCO is near the lower end of the 52 week range.
Paper traded 4869 LNCO Feb Mar 12 calls at .45. ??
- The ADV is 3051 contracts.
- The OI is 1577 contracts.
The volume went up in 1 block.? The paper looks like an opening calls sale, most likely tied to stock.? The calls are already in the money so the trader is looking for a quick strike on some shares possible bought lower.
- IV 30 is trading for 58%.
- HV10 is trading for 80%.
- IV 30 is trading below the HV 10.
Linn Co, LLC (Linn Co) sole purpose is to own LINN Energy, LLC (LINN) units. LINN is focused on the development and acquisition of oil and natural gas properties, which include various producing basins within the United States.
Put trader in XBI- puts roll
Shares of the SPDR S&P Biotech ETF (XBI) are up 1.56 to 196.55 today. ??XBI is trading near the upper end of the 52 week range.
Paper traded 1851 and 667 XBI Feb 190/ Mar 190 put spreads.?
- The ADV is 1372 contracts. ?
- The OI is over 2456 and 145 contracts.
The volume went up in 3 blocks.? The trade is a bit curious as the blocks went up concurrently and were not marked spread.? The puts look like a close in Feb but then rolling for less volume to Mar.? In general these are losing money rolls when the volume goes down.? The trader is looking for a drop in the biotechs they are not getting yet.
- IV 30 is trading for 35%.
- HV10 is trading for 31%.
- IV 30 is trading over the HV 10.
SPDR S&P Biotech ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Biotechnology Select Industry Index. The S&P Biotechnology Select Industry Index represents the biotechnology sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges. The Biotech Index is a modified equal weight index. SSgA Funds Management, Inc. is the Fund’s investment advisor.