2839 JCI Nov 41 calls and 38 puts went up in 2 blocks on the AMEX marked auto ex. ?
Shares of Johnson Controls Intl (JCI) are down .76 to 43.3 today. JCI is near the top of the 52 ?week range.
- Paper traded 2839 JCI Nov 41 calls and 38 puts for 3.15 and .45.?
- The ADV is 2043.?
- The OI is 3 contracts.
The volume went up in 2 blocks on the AMEX marked auto ex.? The trade went up over the midpoint so most likely this is a long delta strangle with the trader using the put as a hedge.? JCI reports earnings around Nov 11 so this is structured to ride the earnings report.
- IV 30 is trading for 27%.?
- HV10 is trading for 15%.?
- IV 30 is above the HV 10.
Johnson Controls International plc, formerly Tyco International plc, is a provider of security products and services, fire detection and suppression products and services and life safety products. The Company operates through three segments: North America Integrated Solutions & Services (NA Integrated Solutions & Services), Rest of World (ROW) Integrated Solutions & Services (ROW Integrated Solutions & Services) and Global Products.