51000 AA Oct 11/12 calls spreads went up in 2 blocks on the PHLX.?
Shares of Alcoa Inc. (AA) are up .17 to 9.26 today.? AA is near the middle of the 52 week range.
- Paper traded 51000 AA Oct 11/12 calls spreads for .16. ?
- The ADV is 53000 contracts.? ?
- The open interest is 99k/111k contracts.
The volume went up in 2 blocks on the PHLX.? With the heavy OI the trader is either rolling down to the Oct 11 strike, closing a short call spread or adding more call spreads.? It is worth checking the change in OI tomorrow on this one as this investor could be looking to load up for a late summer rally.
- IV 30 is trading for 48%.?
- HV10 is trading for 54%.?
- IV 30 is below the HV 10.
Alcoa Inc. is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions.