Paper traded 10000/12000 STX Sep 25 puts over Sep 20 puts in 2 blocks on the ARCA marked spread
Shares of Seagate Technology PLC (STX) are down 6.39 to 27.54 today. ?STX is near the bottom of the 52 week range.
- Paper traded 10000/12000 STX Sep 25 puts over Sep 20 puts for 2.66 and 1.07.
- The ADV is 14k contracts. ?
- The OI 10855 in the Sep 25s and 8664 in the Sep 20s.
The volume went up in 2 blocks on the ARCA marked spread. ?This trade looks like a roll for more contracts with a close on the Sep 25s with a scoop of more of the Sep 20s.? Most likely a protective position as STX gets near 52 week lows.
- IV 30 is trading 60%.?
- HV10 is trading for 39%.
- IV 30 is trading above the HV 10.
Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Company’s products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers.