10000 CCI Jan 2017 100/110 calls went up in two blocks on the AMEX marked spread.?

CCI

Shares of the Crown Castle Inter. (CCI) are down .30 to 86.69.? CCI is near the top of the 52 week range.

  • Paper traded 10000 CCI Jan 2017 100/110 calls for .85 and .10.??
  • ADV is 1237 contracts.
  • The OI is 1700 contracts on both strikes.

The trade went up in two blocks on the AMEX marked spread.? The block trade looked priced to buy the call spread with the trader looking for new highs for CCI.? They are looking for a 10% move at least.

  • IV30 is 17% and HV10 is 10%??
  • The Implied volatility trades at a premium to the realized volatility currently.

Crown Castle International Corp. (CCIC) is a real estate investment trust (REIT) company.