50000 BAC Mar 16 calls over 60000 BAC Mar 13 Weekly 17 calls went up in two giant blocks
Strangle seller in USO- trading taking a vega position
Shares of the United States Oil Fund LP (USO) are up .63 to 19.81 today.? USO is at the lower end of the 52 week range.
Paper traded 12000 USO Mar 23.5 calls and 6000 Mar 15.5 puts at 1.22.?
- The ADV is 237k contracts.
- The OI is 1043 and 4814 contracts.
The volume went up in 3 large blocks.? The trader hit the existing bid at the time selling twice as many calls as puts.? This appears to be an opening sale where the bet is to short volatility in the USO.? IV is near the top of the 52 week range.? There is risk on a large move with this position.
- IV 30 is trading for 55%.
- HV10 is trading for 71%.
- IV 30 is trading at the HV 10.
United States Oil Fund, LP (USOF) is a limited partnership. USOF is a commodity pool that issues limited partnership interests (units) traded on the NYSE Arca, Inc. (the NYSE Arca). The Company?s general partner is United States Commodity Funds LLC (the General Partner) and is responsible for the management of USOF.
Buy-Write Trades in OWW
Shares of Orbitz Worldwide (OWW) are up 2.07 to 11.69 today. OWW is making a 52 week high.
Paper traded 60000 OWW May 12 calls for .10.?
- The ADV is 1000 contracts.
- The OI is 220 contracts.
The volume went up in 6 large blocks marked buy-write.? Large blocks of stock traded preopen and the trader is buying May 12 calls against them.?? This could be a stock close with an extra call in case another bid emerges for OWW.
- IV 30 is trading for 16%.
- HV10 is trading for 52%.
- IV 30 is below the HV 10.
Orbitz Worldwide, Inc. is a global online travel company (OTC) that uses technology to enable leisure and business travelers to research, plan and book a range of travel products and services. The Company’s brand portfolio includes Orbitz, CheapTickets, and the Away Network in the Americas, ebookers in Europe and HotelClub and RatesToGo based in Australia, which have operations globally.
Giant Call spread in BAC- diagonal call spreads trade
Shares of Bank of America Corp. (BAC) are up .03 to 16.70. ??BAC is near the middle of the 52 week range.
Paper traded 50000 BAC Mar 16 calls over 60000 BAC Mar 13 Weekly 17 calls for .65.?
- The ADV is 312k contracts. ?
- The OI is 130000 and 7809 contracts.
The volume went up in two giant blocks.? Paper looks like they are closing the Mar 16 calls for a win and pressing the leverage by moving in and buying more Mar 13 Weekly 17 calls.? The trader is moving up and in which is a very aggressive move but most likely with house money.
- IV 30 is trading for 22%.
- HV10 is trading for 26%.
- IV 30 is trading under the HV 10.
Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, institutional investors, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.