42389 SO Aug 52.5 calls went up in one block on the PHLX.?? ?
Shares of Southern Co. (SO) are up .60 to 49.60 today. ?SO is near the top of the 52 week range.
- Paper traded 42389 SO Aug 52.5 calls at .30 ??
- The ADV is 3145 contracts.? ?
- The open interest is 2512 contracts.?
The volume went up in one block on the PHLX.?? ?This was a huge opening call sale most likely a yield play against a stock position.? With SO trading near 52 week highs the sellers is looking at free money or a new 52 week high.? Might be an indication of the seller thinking the run is near over in SO.
- IV 30 is trading for 15%.?
- HV10 is trading for 16%.?
- IV 30 is below the HV 10.
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Company’s business segments are the sale of electricity by the four traditional operating companies and Southern Power.