1000 SQ Nov 12 calls went up in 1 block on the CBOE marked sweep.?

SQ

Shares of Square Inc (SQ) are up .54 to 12.42 today.? SQ is near the middle of the 52 week range.

  • Paper traded 1000 SQ Nov 12 calls for .45.?
  • The ADV is 4638. ??
  • The OI is over 6271 contracts.

The volume went up in 1 block on the CBOE marked sweep.? Several 1000 Nov 12s traded and it appears the SQ with the rest of the financial stocks is causing traders to cover.? Check the OI but the buying looks like it could be short covering.

  • IV 30 is trading for 34%.?
  • HV10 is trading for 42%.?
  • IV 30 is below the HV 10.

Square, Inc. enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses.