The Options Insider

Possible Short Call Roll in AKS

by | May 6, 2015 | Unusual Activity

15000 AKS May 8 Weekly 5 calls over May 5.5 calls went up in 2 blocks on the PHLX marked spread.?

Calls roll in AKS- possible short call roll

AKS

 

Shares of AK Steel Holding Corp. (AKS) are up .03 to 5.34 today. ??AKS is near the bottom of the 52 Week range.

  • Paper traded 15000 AKS May 8 Weekly 5 calls over May 5.5 calls for .24.
  • The ADV is 9900 contracts.
  • The OI is 16062 and 4756.

The volume went up in 2 blocks on the PHLX marked spread.? The trade as priced looked like the customer bought to close the 5s and sold to open the 5.5.? This is a very tight buy writing strategy that left the liquidity provider with a very cheap put.

  • IV 30 is trading for 55%.
  • HV10 is trading for 70%.
  • IV 30 is trading above the HV 10.

AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation

 

Puts go up in UUP- possible put closer here

UUP

 

Shares of PowerShares DB US Dollar (UUP) are down .26 to 24.77 today. ??UUP is near the upper end of the 52 week range.

  • Paper traded 9990 UUP Jun 25 puts at .47.
  • The ADV is 41938 contracts.
  • The OI is 275809.

The volume went up in 1 giant block through the bid. ??26k contracts have traded as the big OI is using the slide in the dollar to unwind.? 200k plus contracts to go still in OI and size buyers of the May08 Weekly strangles as well so the moves in the UUP are still bid.

UA covered call closers on Apr 30th in UUP.

  • IV 30 is trading for 10%.
  • HV10 is trading for 7%.
  • IV 30 is trading above the HV 10.

PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund establishes long positions in certain futures contracts (the DX Contracts) with a view to tracking the changcBank Long US Dollar Index (USDX) Futures Index Excess Return (the Index), over time.

 

Calls and puts trade in EWI- possible risk reversal

?unusual options trading activity alert, EWI

Shares of iShares MSCI Italy Index ETF (EWI) are trading up .20 to 15.24 today.? EWI is near the middle of the 52 week range.

  • Paper traded 1000 EWI Dec 13/15 put spread spreads and 18 calls for .50 over .20.
  • The ADV is 760 contracts. ?
  • The OI is 3 contracts on all 3 strikes.

The volume went up scatter blocks on multiple floors to fill.? The trade as priced looked like an 18 call buy and a put spread sale for a .30 credit.? The trader is looking for a real uplift in the Italian markets.

  • IV 30 is trading for 28%.
  • HV10 is trading for 19%.
  • IV 30 is above the HV 10.

Shares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange.