8000 MDT Nov 66 puts went up in 1 block on the ARCA marked price variation
Shares of Medtronic PLC (MDT) are down.46 to 75.60 today. MDT is near the top of the 52 week range.
- Paper traded 8000 MDT Nov 66 puts for .05. ??
- The ADV is 14k contracts.?
- ?The open interest 8506 contracts.
The volume went up in 1 block on the ARCA marked price variation. ?A 33k share block went up 1.5 hrs after these puts so it is doubtful the two are connected.? The trader looks like they are closing a short put position.? A 1 x 2 ratio put spread trades for a .05 in the Dec 11 cycle which seems like a similar MO to the short puts but here they are taking a bit less risk using the ratio spread.
- IV 30 is trading for 21%.?
- HV10 is trading for 15%.?
- IV 30 is above the HV 10.
Medtronic plc (Medtronic) is a medical technology and services company. The Company develops, manufactures and markets its medical devices and technologies to hospitals, physicians, clinicians and patients in approximately 160 countries. The Company operates in four segments: Cardiac and Vascular Group, Minimally Invasive Technologies Group, Restorative Therapies Group and Diabetes Group.