Paper closed NRF March 16 calls & sold April 14 calls 16,903 times for a net credit of .55.
Northstar Realty Finance Corp ., trading 12.57 with an IV30 of 60.93 and an HV10 of 98, reported earnings today.? The IV is in big and the stock is up .1 at the time of this writing.?? The options have an ADV of 2750 and open interest is 139,000 contracts.? Today a customer closed and rolled a short call position, likely against stock.? The trader closed the March 16 calls for .15 and sold the April 14 calls at .70.? There was also a March 14 call sale executed that was tied to stock.? The call roll was executed 16,903 times for a net credit of .55.
This trade is clearly a long stock holder looking to create income on Northstar.? Combined with its dividend the customer should be able to create a nice stream of income against stock ownership.?
This trade should be consider neutral the stock and bearish volatility in NRF