6000/3000 LOW Oct 69.5 puts traded over Oct 71 puts for .58 and 1.11
Shares of Lowe?s Companies, Inc. (LOW) are down .36 to 71.89 today.? LOW is in the middle of the 52 week range.
- Paper traded 6000/3000 LOW Oct 69.5 puts over Oct 71 puts for .58 and 1.11.?
- The ADV is 10490.
- The OI is less than 1000 contracts.
The volume went up on the ARCA marked spread.? The trade looks like a 1 x 2 put spread for a credit with an expected closing price around 69.5.? The trade is only slightly bearish leaning and will collapse for a credit if LOW jumps.
- IV 30 is trading for 18%.?
- HV10 is trading for 13%.?
- IV 30 is above the HV 10.
Lowe’s Companies, Inc. (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space.