11810/9707 WFC Jul 60/Aug 57.5 call spreads went up in two blocks on the CBOE
Calls trade in S
Shares of Sprint Corp (S) are up .03 to 4.73 today.? S is near the bottom of the 52 week range.
- Paper traded 75000 S Jun 5 calls for .07. ?
- The ADV is 10057 contracts.
- The OI is 8996 contracts.
The volume went up in 1 block on the PHLX marked buy write. ??1.275 million shares of S went up for 4.57 as the trader sold down the block to buy the calls on a close to delta neutral basis.? In this case the opening buy write is synthetic backspread.
- IV 30 is trading for 40%.
- HV10 is trading for 17%.
- IV 30 is trading above the HV 10.
Sprint Corporation offers a range of wireless and wireline communications services to consumers, businesses and government users.
Calls trade in OC- calls roll ??????????????????????????????????????????????
Shares of Owens Corning (OC) are up 1.31 to 41.49 today. ??OC is near the upper end of the 52 week range.
- Paper traded 7000 Jun/Jul 43 call spreads for .40.
- The ADV is 3617contracts.
- The OI is 16000 and 44 contracts.
The volume went up in 2 blocks on the PHLX. ??This trader looks like they are taking the win on the Jun 43s and rolling it to the Jul.? There is substantial Jun 41 call buying too.? IV is up sharply in OC today as one of the few stocks rallying. For the most part the trade is bullish in nature.
- IV 30 is trading 34%.
- HV10 is trading for 31%.
- IV 30 is trading above the HV 10.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services. The Company?s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.
Calls trade in WFC- giant roll goes up
Shares of Wells Fargo and Co. (WFC) are down .27 to 55.73. ?WFC is near the upper end of the 52 week range.
- Paper traded 11810/9707 WFC Jul 60/Aug 57.5 call spreads for .42.
- The ADV is 28397 contracts. ?
- The OI is 16401 and 395 contracts.
The volume went up in two blocks on the CBOE marked spread.? There was a 3rd leg of the spread and it appears the trader is closing Jul on the downdraft today and rolling down to Aug 57.5s.? The trader is going more toward the money on the write and is not expecting as big an upside move.
- IV 30 is trading for 13%.
- HV10 is trading for 11%.
- IV 30 is above the HV 10.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking and Wealth, and Brokerage and Retirement.