10000 KORS Jan 52.5/55 call spreads went up in 3 blocks on the PHLX
Shares of Michael Kors Holding LTD (KORS) are down 1.67 to 45.63 today.? KORS is near the middle of the 52-week range.
- Paper traded 10000 KORS Jan 52.5/55 call spreads for .28-.30.?
- The ADV is 6991.
- The OI is 8557 and 10401 contracts.
The volume went up in 3 blocks on the PHLX marked spread. The OI is not high enough on the 52.5s to be opening so the trade would appear to close the 55s in Jan, priced as a sale with the trading through the bid.? It is possible the customer got a lower fill on the 55s to get a lower buy on the 52.5s.? For now the calls are still very OTM.
- IV 30 is trading for 37%.?
- HV10 is trading for 38%.?
- IV 30 is below the HV 10.
Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Company operates through three segments: retail, wholesale and licensing.