Some heavily OTM calls traded in ABX traded today, so it looks like someone is expecting a long-term rally.
Put spreads trade in THC- huge put spread goes up
Shares of Tenet Healthcare Corp. (THC) are down 1.29 to 58.09 today.? THC is in the middle of the 52 week range.
Today paper traded 9000 THC Nov 48/55 put spreads for 1.65.?
- The ADV is 1535 contracts.
- The OI is less than 1000 contracts.
Volume went up in two large blocks.? The put spread marked as a straight buy so the trader is looking for a big move down in THC.? Follow up trades are buying more of the Nov 55 puts.? The spread goes up without stock printing in that size.
- 30-day implied volatility is 34%.
- 10-day implied volatility is 20%.
- 30 day implied volatility is trading above the 10 day realized volatility
Tenet Healthcare Corporation (Tenet) along with its subsidiaries, is an investor-owned health care services company.
Calls trade in UFS- looks like a buy write but no stock
Shares of Domtar Corp. (UFS) are down .23 to 34.89.? UFS is at the bottom of the 52 week range.
Today paper traded 2000 UFS Jan 35 calls at 1.85.?
- The ADV is 264 contracts.
- The OI is 51 contracts.
Volume went up in one large block.? The calls traded on the bid with no stock print near the 200000 needed for a buy write.? The likely answer is a flat out short or a continuing call write.? The seller does not see much hope of higher prices.? The call yield would be in around 5.6% + whatever dividend they picked up.
- 30-day implied volatility is 27%.
- 10-day implied volatility is 17%.
- 30 day implied volatility is trading above the 10 day realized volatility
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and adult incontinence products.
Calls trade ABX- size OTM call buyer
Shares of Barrick Gold Co. (ABX) are up .15 to 14.81.? ABX is at the bottom of the 52 week range.
Today paper traded 20000 ABX Jan 25 call for .76.?
- The ADV is 28103 contracts.
- The OI is 319 contracts.
Volume went up in one large block.? The calls traded near the offer and are roughly 50% OTM.? Volatility is picking up a bid today so it is likely these calls were a purchase.? Paper is making a big bet on a long term rally in ABX.
- 30-day implied volatility is 32%.
- 10-day implied volatility is 17%.
- 30 day implied volatility is trading above the 10 day realized volatility
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper, principally from the Zaldivar and Lumwana mines and holds other interests, including a nickel development project located in Africa.