Unusual activity today has a long VIP put combo, early put spread buyers in SMH, and buy-writes in ETP.
Combos trade in VIP- looks like a long combo
Shares of VimpelCom ltd (ADR) are up .1 to 8.48 today.? VIP is near the bottom of the 52 week range.
Today paper traded 135 VIP Dec 8 puts and Dec 9 calls for a .04 credit.?
- The ADV is 330 contracts.?
- The OI is 1100 and 2210 contracts.
Volume went up in many blocks mostly on the CBOE. ? The trade looks like a call/put combo trading for a small credit with the investor looking for a jump in the underlying price.? The risk they take is VIP below the 8 handle.
- 30-day implied volatility is 38%.? ?
- 10-day implied volatility is 28%.?
- 30-day implied volatility is trading above the 10-day realized volatility.
VimpelCom Ltd. (VimpelCom) is a holding company. The Company operates in Mobile Telecommunications Businessand Fixed-Line Telecommunications and Fixed Internet Business.
Bearish put spreads trade in SMH ? early put spread buyers
Shares of the Market Vectors Semiconductor ETF (SMH) are trading up .58 to 51.34 today.? SMH is near the top of the 52 week range.
Today paper traded 5000 SMH Oct 47/50 put spreads for .57-.58.?
- The ADV is 4417 contracts.?
- The OI is less than 300 contracts.
Volume went up 4 large blocks to fill.? The trade went up near the offer with IV up only marginally today.? This trade hit the tape earlier in the day and is already down .05 from the opening price.
- 30-day implied volatility is 18%.? ?
- 10-day implied volatility is 9%.?
- 30-day implied volatility is trading above the 10-day realized volatility
Merrill Lynch & Co. Inc. Semiconductors HOLDRs Trust, formerly The Market Vectors Semiconductor ETF, seeks to replicate the price and yield performance of the Market Vectors the United States Listed Semiconductor 25 Index (MVSMHTR).?
Rolling in ETP- more working buy writes in ETP
Shares of Energy Transfer Partners LP (ETP) are up .85 to 58.89 today. ETP is making a 52 week high.
Today paper traded 1541 ETP Sep 57.5/Dec 60 call for .45.?
- The ADV is 2036 contracts.?
- The OI is 7622 and 1533 contracts.
Volume went up in two blocks.? Total trade is near 3k contracts with traders looking to roll a big position out to Dec.? The call yield on the roll is a little less than 1% out to Dec so the buy writer is getting skinny margins.? The trade as posted had the Dec 60 call trading though the posted bid.
- 30-day implied volatility is 15%.? ?
- 10-day implied volatility is 6%.?
- 30-day implied volatility is trading above the 10-day realized volatility
Energy Transfer Partners, L.P. (ETP) is a limited partnership in the United States engaged in natural gas operations. ETP is managed by its general partner, Energy Transfer Partners GP, L.P.