10000 GRPN Nov04 6 calls went up in 1 block on the ARCA marked spread.? ?There was no contra side to the calls so they might be tied to stock.?
Shares of Groupon INC (GRPN) are down .02 to 5.30 today.? GRPN in near the middle of the 52 week range.
- Paper traded 10000 GRPN Nov04 6 calls for .20. ?
- ADV is 7130.?
- The OI is 1440 contracts.
The volume went up in 1 block on the ARCA marked spread.? ?There was no contra side to the calls so they might be tied to stock.? 320000 shares did trade so this could be a short straddle type trade with the calls in a ratio 3 to 1 with stock.? The trade would be betting the earnings are a non-event in that case.
- IV 30 is trading for 84%.?
- HV10 is trading for 28%.?
- IV 30 is above the HV 10.
Groupon, Inc. operates online local commerce marketplaces throughout the world that connect merchants to consumers by offering goods and services at a discount.