The Options Insider

Massive Volatility Brings in a DVAX Buy-Write

by | Sep 26, 2016 | Unusual Activity

6136 DVAX Jan2017 18 calls went up on the PHLX marked buy write

DVAX

Shares of DynaVax Technologies Inc (DVAX) are down .23 to 11.18 today. ?DVAX is near the lower end of the 52 week range.

  • Paper traded 6136 DVAX Jan2017 18 calls for 3.00.?
  • The ADV is 2468
  • The OI is over 20k contracts.

The volume went up on the PHLX marked buy write. This trade look like a buy call and sell stock, 306k shares trade 11.11, and could be an unwind of a vol seller on the Sep 9th.? Stock there traded higher with calls .25 lower.? It might be that the trader is hitting the exit since the IV did not collapse.? The Jan2017 18 calls are pricing near 50 delta.

  • IV 30 is trading for 94%.?
  • HV10 is trading for 38%.?
  • IV 30 is above the HV 10.

Dynavax Technologies Corporation (Dynavax) is a clinical-stage biopharmaceutical company. The Company uses toll-like receptor (TLR) biology to discover and develop vaccines and therapeutics. Its development programs are focused on vaccines and cancer immunotherapy.