10000 GGP Jan2018 26.74 calls went up in one block on the ISE.?
Shares of GGP Inc (GGP) are up .45 to 23.11 today.? GGP is near the bottom of the 52 week range.
- Paper traded 10000 GGP Jan2018 26.74 calls for .78.?
- The ADV is 3598 contracts.? ?
- The open interest is 1566 contracts.
The volume went up in one block on the ISE.? This call block traded over the midpoint at the time of execution.? The IV is up slightly in the long term so it is likely? this was a call buy trying to scoop the bottom in GGP shares.? The choice of the split strike is a bit odd.
- IV 30 is trading for 24%.?
- HV10 is trading for 25%.?
- IV 30 is below the HV 10.
GGP Inc. (GGP), formerly General Growth Properties, Inc., is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.