Paper sold over 24,000 IILG Dec 14 puts in many blocks via sweeps and autoexecution.?
Interval Leisure Group Inc., trading 15.65 with an IV30 of 26.45 and an HV10 of 23.90, is seeing heavy put action today.? The stock, with an ADV of 3,900 and OI of 207,350, saw a customer sell over 24,000 of the December 14 puts at .50 in many blocks via sweeps and autoexecution.? The customer appears to be selling these puts as a way to produce income and/or get delivery of the stock below 14.0
This could be a close based on the OI, but is likely an open with the customer selling these puts for income.? The customer likely thinks that IILG will not fall below 14 and if it does seems to be happy to own the stock for 13.50.
This trade is mildly bullish IILG and bearish IILG volatility.