4000/3000 P Jan 2016 20/15 call spreads went up in 2 blocks on the PHLX marked buy write. ?
Shares of Pandora Media (P) are down 6.4 to 12.90 today.? P is at the bottom of the 52 week range.
- Paper traded 4000/3000 P Jan 2016 20/15 call spread for .93. ?
- The ADV is 18k contracts.?
- The OI is 44k on the Jan 20s and ?1300 on the Jan 15s.
The volume went up in 2 blocks on the PHLX marked buy write. ?This customer is most likely rolling down to the 15 strike and closing a backspread and reopening at a lower strike. 60000 shares traded 13.05 with the options.? There could be some profit taking after the big gap down but wanting to keep the play rolling.
- IV 30 is trading 69%.?
- HV10 is trading for 49%.?
- IV 30 is trading above the HV 10.
Pandora Media, Inc. (Pandora) is a provider of Internet radio services.