15k Jan 2015 85/89 put spreads went up in two large blocks.? Trade on the strike is 30000 contracts with more of the spreads trade for a .05 higher.?
Puts trade in HYG ? large put spreads trade
Shares of iShares iBoxx $ High Yield ETF (HYG) are up .04 to 90.33.? JD is in the middle of the 52 week range.
Paper traded 15000 Jan 2015 85/89 put spreads for .60. ?
- The ADV is 34000 contracts.
- The OI is over 10k contracts on both strikes.
The volume went up in two large blocks.? Trade on the strike is 30000 contracts with more of the spreads trade for a .05 higher.? It appears the trader is betting on a drop in HYG with these cheap put spreads.? A large in the money combo went up as with the trade looking like the long stock/long put side.? On balance the paper looks bearish with an interest rate event in the near term.
- IV 30 is trading for 8.37%.
- HV10 is trading for 10.04%.
- IV 30 is trading under the HV 10.
Shares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.
Calls trade in ONNN- size call buying
Shares of ON Semiconductor Corp (ONNN) are up .30 to 9.75 today. ?ONNN is near the top of the 52 week range.
Paper traded 763 ONN Jan 2015 10 calls for .35. ??
- The ADV is 481 contracts.
- The OI is 988 contracts.
The volume went up in 1 large block.? The trade on the strike is over 5000 contracts pushing up the IV 2.5 points.? ONNN is on a monster run from $6.5 a month ago.? This is most likely a newsletter type trade with scatter call buyers paying up to .40.
- IV 30 is trading for 34%.
- HV10 is trading for 32%.
- IV 30 is trading over the HV 10.
ON Semiconductor Corporation (ON Semiconductor) designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products. The Company operates in three segments: Application Products Group, Standard Products Group, and SANYO Semiconductor Products Group. The Company’s power management semiconductor components control, convert, protect and monitor the supply of power to the different elements within a variety of electronic devices.
Puts trade in KOG- OTM puts of short duration
Shares of Kodiak Oil and Gas (KOG) are up .34 to 7.24.? KOG is near a 52 week low.
Paper traded 5000 KOG Dec 6 puts for .15.?
- The ADV is 1497 contracts.
- The OI is 10 contracts.
The volume went up in 1 large block.? The puts traded midmarket with a .15 immediately after the print.? Paper then came in lifting the offer to fill with the current market .10-.20.? The residual offer makes the trade look more like a sale as the initiating side.? The customer then is looking to lock in low prices for the year.? There are conflicting signals on this one with the IV jumping quite a bit in Dec.
- IV 30 is trading for 72%.
- HV10 is trading for 129%.
- IV 30 is trading under the HV 10.
Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas in the United States. The Company has developed an oil and natural gases asset base of proved reserves, as well as a portfolio of development and exploratory drilling opportunities. Its oil and natural gas reserves and operations are concentrated in the Williston Basin of North Dakota.