The Options Insider

Huge Bullish Combo Goes up in TIF

by | May 19, 2015 | Unusual Activity

2500 TIF Jun 87.5/92.5 call spreads over Jun 80 puts went up in 3 blocks on the ISE marked combo.

Calls trade in CSX- massive call blocks trade

?csx

Shares of CSX Corp (CSX) are down .03 to 35.70 today.? CSX is trading near the top of the 52 week range.

  • Paper traded 5000 CSX Jun 38 calls for .51.
  • The ADV is 23K contracts.
  • The OI is 23767 contracts.

The volume went up 1 block on the PHLX.? The trade looks like a purchase of some upside calls. There was also a Jun 36/38 roll 5000x as paper is moving up their strikes today.? Both trades look additive to OI and IV is up in all terms as scattered call buying continues in this takeover speculation name.

  • IV 30 is trading for 29%.
  • HV10 is trading for 29%.
  • IV 30 is trading below the HV 10.

CSX Corporation (CSX) is a transportation supplier. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. CSX?s operating subsidiary, CSX Transportation, Inc. (CSXT), provides link to the transportation supply chain through its approximately 21,000 route mile rail network, which serves centers in 23 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec.

 

Calls and puts trade in TIF- huge bullish combo goes up

?TIF

Shares of Tiffany and Co (TIF) are down .22 to 86.42 today. ??TIF is near the low end of the 52 week range.

  • Paper traded 2500 TIF Jun 87.5/92.5 call spreads over Jun 80 puts for .48 and .84.
  • The ADV is 3989 contracts.
  • The OI is 242/575 and 974.

The volume went up in 3 blocks on the ISE marked combo. ?The trader is looking for a bullish play through earnings.? With this call spread and put to finance part of the trade this position is looking for a move off of the year lows.? Long deltas as printed with no stock attached according to time and sales.

  • HV10 is trading for 28%.
  • IV 30 is trading 19%.
  • IV 30 is trading above the HV 10.

Tiffany & Co. (Tiffany) is a holding company that operates through its subsidiary companies the Company is engaged in product design, manufacturing and retailing activities. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer whose principal merchandise offering is jewelry.

 

Calls trade in T- puts and stock trade together

?ATT

Shares of AT&T Inc. (T) are down .49 to 34.38 today.? WMB is near the upper end of the 52 week range.

  • Paper traded 10000 T Jun 34 puts for .39.
  • The ADV is 78k contracts. ?
  • The OI is 74495 contracts.

The volume went up in 1 block marked buywrite on the PHLX. A block of 215000 shares for 34.65 went up concurrently with the option block.? The trade as priced is a bit light on the delta so there is substantial short position as posted.? If the trade is not closing, this trader is taking a new large short position.

  • IV 30 is trading for 16%.
  • HV10 is trading for 18%.
  • IV 30 is below the HV 10.

AT&T Inc. (AT&T) is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. The Company services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, wholesale services and directory advertising and publishing. AT&T operates in three segments such as Wireless, Wireline, and Other.