Yesterday, 9600/12000 NAV Apr 32 puts went up over Jul 29 puts for .60 credit. They are looking for new lows in NAV and adding more volume for the downside.
Calls trade in CHS- early call buyers
Yesterday, shares of Chico?s FAS, Inc. (CHS) were up .97.? CHS is making a 52 week high.
Paper traded 250 Mar 19 calls for .60.?
- The ADV is 1059 contracts.
- The OI is 179 contracts.
The volume went up in 1 block.? Paper is bidding these calls and the volume is over 3900 contacts with buyers jumping in.?? It seems that call buyers want to get in front of the earnings with CHS making a 52 week high.
- IV 30 is trading for 41%.
- HV10 is trading for 17%.
- IV 30 is trading above the HV 10.
Chico?s FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico?s, White House / Black Market (WH/BM) and Soma Intimates (Soma) brand names.
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Put buyers in NAV- put rollers
Shares of the Navistar International Corp (NAV) were down .15 to 27.66 yesterday.? NAV is making a 52 week low.
Paper traded 9600/12000 NAV Apr 32 puts over Jul 29 puts for .60 credit.?
- The ADV is 1281 contracts.
- The OI is over 9626 in Apr and 16 in Jul contracts.
The volume went up in 2 blocks marked spread.? The puts look like a successful roll where the trader is buying more of a lower strike and taking in a small credit.? They are looking for new lows in NAV and adding more volume for the downside.
- IV 30 is trading for 27.69%.
- HV10 is trading for 48%.
- IV 30 is trading below the HV 10.
Navistar International Corporation (NIC) is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks, IC Bus (IC) brand buses, MaxxForce brand diesel engines, Workhorse Custom Chassis (WCC) brand chassis for motor homes and step vans, and Monaco RV (Monaco) recreational vehicles (RV), as well as a provider of service parts for all makes of trucks and trailers.
Call spreads trade in SKX ? bullish short term calls spreads with puts
Shares of the Skechers USA (SKX) are up .74 to 59.79 yesterday. ??SKX is near the high end of the 52 week range.
Paper traded 500 SKX Feb 60/65 call spreads over the Feb 55 puts for .60.?
- The ADV is 984 contracts. ?
- The OI is 2593, 2061 and 3719 respectively.
The volume went up in 3 blocks marked spread.? This could be a closing trade where the customer is buying back the short call spread and selling out the protective put.? If so they are closing near the top.? Most likely it is a bullish play on earnings where the trader expects the stock to trade above $60.
- IV 30 is trading for 55%.
- HV10 is trading for 29%.
- IV 30 is trading over the HV 10.
Skechers U.S.A., Inc. (Skechers) designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under several lines.