Calls Trade In SAN – Massive Call Buying
Shares of Banco Santander SA (SAN) are up .22 to 4.38 today.? SAN is near the middle of the 52 week range.
Paper traded 495 SAN Mar 4 calls for .45.? The ADV is 2718 contracts.?? The open interest is 1958 contracts.
The volume went up in several blocks on the BOX.?? A total of 13k+ calls posted as paper swept the offers on all the exchanges.? The trader(s) is looking for a very short term jump in SAN price.? This could be a newsletter recommendation for a bounce in a key European financial stock.
IV 30 is trading for 44%.? HV10 is trading for 56%.? IV 30 is befor the HV 10.
Banco Santander, S.A. is a Spain-based banking company. The Bank’s business segments include Retail Banking, which includes customer banking businesses; Global Wholesale Banking (GBM), which includes global corporate banking, investment banking and markets;