70000 CY Dec 12/14 call spreads went up in 2 large blocks on the PHLX
Shares of the Cypress Semiconductor Corp (CY) are up .24 to 10.53 today.? CY is near the middle of the 52 week range.
- Paper traded 70000 CY Dec 12/14 call spreads for .40-.45.
- The ADV is 4828.?
- The OI is less than 500 contracts.
The volume went up in 2 large blocks on the PHLX marked spread.? This trade went up below midpoint which usually means the initiating side was a seller.? IV is down quite a bit so that would also make for a case for the sell side and a potential buy writer.? Following the trade options on the offer traded higher than the spread print.
- IV 30 is trading for 46%.?
- HV10 is trading for 20%.?
- IV 30 is trading above the HV 10.
Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company’s segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers.