28500 DEO Jan 2016 105 puts and 140 calls over Apr 2016 105 puts and 140 calls traded for a net 1.80 credit on the PHLX marked spread
Shares of Diageo PLC (DEO) are up .85 to 115.85 today. ?DEO is near the middle of the 52 week range.
- Paper traded 28500 DEO Jan 2016 105 puts and 140 calls over Apr 2016 105 puts and 140 calls for a net 1.80 credit. ?
- The ADV is 962.?
- The OI is 28k+ in Jan 2016 and less than 200 contracts in APR.
The volume went up 4 blocks on the PHLX marked spread.? This huge roll looks like a close of some short Jan strangles and a roll into some short Apr strangle.? The trader is looking for extra premium here in a slow moving stock.
- IV 30 is trading for 17%.?
- HV10 is trading for 12%.?
- IV 30 is trading above the HV 10.
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.