The Options Insider

Near Term Puts Trade in CTL

by | Jun 25, 2015 | Unusual Activity

1036 CTL Jul 32 puts went up in 1 block on the ISE & total volume is over 3000 contracts as traders start to unwind positions. ?

Calls trade in CTL- near term puts trade

CTL

Shares of CenturyLink Inc. (CTL) are down 1.42 to 30.46 today. ?CTL is making a 52 week low.

  • Paper traded 1036 CTL Jul 32 puts at 1.00.
  • The ADV is 2965 contracts.
  • The OI is 14471 contracts.

The volume went up in 1 block on the ISE. ??Total volume is over 3000 contracts as traders start to unwind their positions.? The trade looks closing as UA profiled .35 buys on this strike on Jun 23rd.? There is still OI to close so the bulk of the owners are waiting to unwind.

  • IV 30 is trading for 21%.
  • HV10 is trading for 14%.
  • IV 30 is trading above the HV 10.

CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers.

 

Calls trade in ZNGA- call sellers look for yield??????????????????

ZNGA

Shares of Zynga Inc. (ZNGA) are down .02 to 2.97 today. ?ZNGA is near the bottom of the 52 week range.

  • Paper traded 12150 ZNGA Jul 3 calls at .07.
  • The ADV is 19170 contracts.
  • The OI is 47000 contracts.

The volume went up in 1 large block on the AMEX on a price variation tag. ??Another block of calls of identical size traded .08 as investors look for yield or give up hope on ZNGA making any real move higher though the Jul cycle.? Either way they are not seeing a move above $3.

  • IV 30 is trading 35%.
  • HV10 is trading for 16%.
  • IV 30 is trading above the HV 10.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook.

 

?Calls and puts trade in SLCA- possible closes in longer term calls and puts

SLCA

Shares of US Silica Holdings Inc. (SLCA) are down 1.48 to 28.76 today.? ?SLCA is near the bottom of the 52 week range.

  • Paper traded 2500 SLCA Jan 2016 25 puts and 30/40 calls. ?
  • The ADV is 3809 contracts. ?
  • The OI is 7064 and 18497/16549 contracts.

The volume went up in one block 3 blocks on the PHLX marked spread.? This trade as priced looks like selling out the call spreads and buying in the put.? Trade like this is consistent with closing a modified risk reversal. With the high OI it is most likely closing and the sudden drop in price could precipitate a close.? SLCA has made a move off of the recent down and the trader might be trimming the position.

  • IV 30 is trading for 45%.
  • HV10 is trading for 21%.
  • IV 30 is above the HV 10.

U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets.