45000 CMCSA Feb 06 Weekly puts went up ?in the middle of the market but very close to the bid. ?The trader is looking for some sideways action in CMCSA.?
Giant put trade in CMCSA- big bet on near term
Shares of Comcast Corp (CMCSA) are up .10 to 53.25. ??CMCSA is near the middle of the 52 week range.
Paper traded 45000 CMCSA Feb 06 Weekly puts for 2.15.?
- The ADV is 39k contracts.
- The OI is 24834 contracts.
The volume went up in 1 block.? The trade went up in the middle of the market but very close to the bid.? The trader looks like they are selling the puts looking for some sideways action in CMCSA.? No size stock blocks went up concurrently so this looks like a naked sale.
- IV 30 is trading for 31%.
- HV10 is trading for 22%.
- IV 30 is trading above the HV 10.
Comcast Corporation is a media and technology company with two primary businesses, Comcast Cable and NBCUniversal. The Company?s segments include Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks. Cable communications consists of the operations of Comcast Cable, which is a provider of video, Internet and voice services (cable services) to residential customers under the XFINITY brand, and it also provides similar services to businesses and sells advertising.
Puts trade in FNF- size near term puts
Shares of Fidelity National Financial (FNF) are down .11 to 37.97. ?DECK is in the middle of the 52 week range.
Paper traded 740 FNF Feb 34 puts at .30. ??
- The ADV is 867 contracts.
- The OI is 0 contracts.
The volume went up in 1 block.? Trade on the puts ranged from .20-.35 on over 9000 contracts with paper selling the bid and sometime through the bid.? The customer is taking a flier on good earnings on the 18th.
- IV 30 is trading for 26%.
- HV10 is trading for 16%.
- 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.
Straddle buy in BAC- possible straddle buyer
Shares of BankAmerica Corp (BAC) are up .17 to 15.31 today. ?BAC is near the bottom of the 52 week range.
Paper traded 6000 BAC Mar 15 straddles for 1.15.?
- The ADV is 305k contracts. ?
- The OI is over 12k contracts per strike.
The volume went up in 2 blocks.? There is very high OI and the customer could be closing a short straddle.? IV is at the low end of the range so the straddle close would make sense.? This is worth checking the OI since BAC was just an $18 stock.? Relatively cheap straddles for 1.15 on the buy side.
- IV 30 is trading for 26%.
- HV10 is trading for 34%.
- 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. Through its banking and various nonbanking subsidiaries throughout the United States and in international markets, Bank of America provides a range of banking and nonbanking financial services and products through five business segments: Consumer & Business Banking (CBB), Consumer Real Estate Services (CRES), Global Wealth & Investment Management (GWIM), Global Banking and Global Markets and remaining operations are included in All Others.