The Options Insider

Near-term Call Buyers in WM

by | May 11, 2015 | Unusual Activity

1173 WM May 50 calls went up in 1 block on the PHLX.?

Calls trade in WM- near term call buyers in WM

?WM

Shares of Waste Management Inc. (WM) are up .33 to 49.66 today. ?WM is near the middle of the 52 Week range.

  • Paper traded 1173 WM May 50 calls for .20.
  • The ADV is 2181 contracts.
  • The OI is 522 contracts.

The volume went up in 1 block on the PHLX.? Total volume on the strike is over 13000 as call buyers push the IV up 13 points.

  • IV 30 is trading for 17%.
  • HV10 is trading for 29%.
  • IV 30 is trading below the HV 10.

Waste Management, Inc. is a holding company and all operations are conducted by its subsidiaries. The Company provides comprehensive waste management environmental services in North America.

 

Calls trade In NOK- ratio call and stock trade

?NOK

Shares Nokia Corp. (NOK) are up .02 to 6.95. ??NOK is near the middle of the 52 week range.

  • Paper traded 5000 NOK Jul 8 for .11.
  • The ADV is 9315 contracts.
  • The OI is 13152 respectively.

The volume went up in 1 block marked buywrite on the PHLX. ??The calls went up tied to stock where the customer appears to have bought calls and sold stock on a close to delta neutral basis.? Stock went up for 6.97 on 95k shares.? They could be expecting a big move out of NOK or they are unwinding a previous position after the big drop recently.

  • IV 30 is trading for 34%.
  • HV10 is trading for 74%.
  • IV 30 is trading below the HV 10.

Nokia Corporation invests in technological devices. The Company is focused on three businesses: network infrastructure software, hardware and services, which it offers through Networks; location intelligence, which the Company provides through HERE, and advanced technology development and licensing, which the Company pursues through Technologies.

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Puts trade in ALTR- possible opening put spread buyer

?ALTR

Shares of Altera Corp (ALTR) are down .22 to 44.23 today.? ALTR is at the higher end of the 52 week range.

  • Paper traded 1000 ALTR Jun 31/35 put spreads for .40.
  • The ADV is 22255 contracts. ?
  • The OI is 995 and 6666 contracts.

The volume went up in 2 blocks on the CBOE marked spread.? Other scattered blocks went up so the total volume is more like 1450 contracts on the spread.? Paper looks like it is an opening buy or a roll down to the 31 strike.? We need to check the OI on this tomorrow to be sure.? The 31 strike activity is definitely new so the opening put spread makes the most sense given the takeover rumors in ALTR.

  • IV 30 is trading for 76%.
  • HV10 is trading for 51%.
  • IV 30 is above the HV 10.

Altera Corporation is a semiconductor company. The Company designs and sells high-performance, high-density programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks known as intellectual property (IP) cores, and associated development tools. Its PLDs, which consist of field-programmable gate arrays (FPGAs), and complex programmable logic devices (CPLDs), are semiconductor integrated circuits that are manufactured as standard chips that its customers program to perform desired logic functions within their electronic systems.