3200 GGP May19 24 calls over 21 puts went up in 2 blocks on ARCA
Shares of GGP Inc. (GGP) are down .73 to 22.58 today.? GGP is near the upper end of the 52 week range.
- Paper traded 3200 GGP May19 24 calls over 21 puts for .09. ?
- The ADV is 4700 contracts.?
- The OI is 5886 on the calls and 3590 on the puts.
The volume went up in 2 blocks on ARCA. ?More like 12000 combos went up at some point today with the trades looking bullish at first glance.? A block of stock (and several blocks) did trade tied to a block of calls so the net effect here could be call buying and stock selling on? ratio over the earning cycle or stock replacement.? This is an odd strategy in a dividend paying stock.? The puts traded mostly on the bid which would indicate sale there.
- IV 30 is trading for 28%
- HV10 is trading for 12%.?
- IV 30 is trading above the HV 10.
GGP Inc. (GGP), formerly General Growth Properties, Inc., is a self-administered and self-managed real estate investment trust (REIT).