The Options Insider

Possible Risk Reversal in FNSR

by | Mar 20, 2015 | Unusual Activity

3000 FNSR Jan 2016 25/32 call spreads and Jan 18 puts went up in 3 blocks on the PHLX not marked spread.?

Put traders in UVXY- size long term put purchase

VIX

Shares of ProShares Ulta VIX Short term Futures ETF (UVXY) are down 1.24 today. UVXY is making a 52 week low.

  • Paper traded 105462 UVXY Jan 2017 9 puts for 5.10.
  • The ADV is 45931 contracts.
  • The OI is 1178 contracts.

The volume went up in one massive block.? UVXY is trading at new lows and this customer is making a long term bet that it goes lower even still.? This fresh OI in the Jan 2017 cycle and is most likely buy to open.

  • IV 30 is trading for 102%.
  • HV10 is trading for 107%.
  • IV 30 is trading below the HV 10.

UVXY is a double long VIX short term future product that seeks to replicate twice the daily movement in the two front month VIX futures.

 

Put trader in XLU- possible put spec or roll

unusual options activity in XLU

Shares of Utilities SPDR (XLU) are up .20 to 44.78 today.? XLU is near the top of the week range.

  • Paper traded 26000 XLU Mar 46/Apr45 puts or .19.
  • The ADV is 37691 contracts.
  • The OI is 45104 and 2501 contracts.

The volume went up in 2 giant blocks marked spread.? XLU has pulled back from its highs and this put roller is betting on more downside.? It looks as though they are keeping the long puts going and closing the Mar 46 puts.

  • IV 30 is trading for 17%.
  • HV10 is trading for 26%.
  • IV 30 is below the HV 10.

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index).

 

Calls and puts trade in FNSR- possible risk reversal

FNSR

Shares of Finisar Corp (FNSR) are up .84 to 23.29 today. ??FNSR is in the middle of the 52 week range.

  • Paper traded 3000 FNSR Jan 2016 25/32 call spreads and Jan 18 puts for .75.
  • The ADV is 2663 contracts. ?
  • The OI is less than 1000 contracts.

The volume went up in 3 blocks on the PHLX not marked spread.? The trade is an opening call spread with a possible short put against it.? Traders are looking for some upside in FNSR thorough Jan 2016.

  • IV 30 is trading for 39%.
  • HV10 is trading for 51%.
  • IV 30 is below the HV 10.

Finisar Corporation provides optical subsystems and components that are used in data communication and telecommunication applications.