12192 CBS Nov 48 Dec 50 call spreads went up in 2 blocks on the PHLX

CBS

Shares of CBS Corp (CBS) are up .05 to 46.67 today. ?CBS is near the middle of the 52 week range.

  • Paper traded 12192 CBS Nov 48 Dec 50 call spreads for 1.16 and .95. ?
  • The ADV is 12500 contracts.?
  • The OI is 25219 and 4749 contracts.

The volume went up in 2 blocks on the PHLX marked spread.? This trade looks like a roll up to the Dec 50 strike on the heels of a roll up yesterday.? The trader wants more time for the move to occur it would appear.

  • IV 30 is trading for 35%.?
  • HV10 is trading for 25%.?
  • IV 30 is trading above the HV 10.

CBS Corporation is a mass media company. The Company operates through segments, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Interactive and CBS Films. The Cable Networks segment is composed of Showtime Networks, which operates program services, such as Showtime, The Movie Channel, and Flix; CBS Sports Network, and Smithsonian Networks, which operates a program service, Smithsonian Channel.