100000 AA Oct11/Jan2017 11 call spreads went up in several blocks on the PHLX marked spread
Shares of Alcoa Inc (AA) are down .28 to 9.50 today.? AA is in the middle of the 52 week range.
- Paper traded 100000 AA Oct11/Jan2017 11 call spreads for .32. ?
- ADV is 36k per day.?
- The OI is 100k+ and 29k contracts.
The volume went up in several blocks on the PHLX marked spread. ?This appears to be a trader rolling some long calls after AA got hung up not being able to make a run to new highs for the year.? Rolling out and spending cash.
- IV 30 is trading 43%.?
- HV10 is trading for 35%.?
- IV 30 is trading above 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.