20000 XLF Mar 20 calls and puts went up in 2 blocks. No stock went up concurrently and both trades went up 5 min. apart.
Calls and puts in XLF- possible straddle buyer
Shares of Select SPDR Financial Sector (XLF) are even at 23.77 today. ?XLF is near the top of the 52 week range.
Paper traded 20000 XLF Mar 20 calls and puts for 1.32.
- The ADV is 79000 contracts.
- The OI is 55108 and 98604 contracts.
The volume went up in 2 blocks.? The trade went up looking like a buy with some prices skewed to the offer.? No stock went up concurrently and both trades went up 5 min. apart.? This could be a long delta straddle going up.? There is huge OI so check the open interest tomorrow.
- IV 30 is trading for 16%.
- HV10 is trading for 23%.
- IV 30 is trading below the HV 10.
Financial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Financial Select Sector Index (the Index). The Index includes companies from the following industries diversified financial services; insurance; commercial banks; capital markets; real estate investment trusts (REITs); consumer finance; thrifts and mortgage finance; and real estate management and development. The Fund?s investment advisor is SSgA Funds Management, Inc.
Calls trade in FXI- possible call buyers
The iShares FTSE/Xinhua China (FXI) are up 43.53 to 43.54 today. ?FXI is at the top of the 52 week range.
Paper traded 10000 FXI Feb 46 calls for .23 today. ??
- The ADV is 76k contracts.
- The OI is over 4443 contracts.
The volume went up in 1 block.? The calls traded in the middle of the market at the time.? IV is up in all months here as option jump in buying spreads, calls and put/stock trades.? Traders are looking for more moves in FXI as it trades near 52 week highs.? There are multiple ratio put and stock trades going up as well.
- IV 30 is trading for 25%.
- HV10 is trading for 31%.
- IV 30 is trading below the HV 10.
Ishares China Large-Cap ETF (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 FTSE China 25 Index (the Underlying Index).
Put spreads trade in LRCX- put spread rolls
Shares of Lam Research Corp. (LRCX) are down .61 to 77.01 today. ??LRCX is near the middle of the 52 week range.
Paper traded 10000 Mar 60/67.5 over Jun 60/67.5 put spread rolls for .95.?
- The ADV is 2837 contracts. ?
- The OI is just over 10k for the Mar spreads and less than 300 for the Jun spreads.
The volume went up in many blocks.? Total volume end up being 10000 contracts per 4 legs as the trader closes the Mar put spreads and rolls into Jun.? The customer was most likely long the Mar and wants to sell them out while there is still value and roll into Jun.? The put spreads are bearish and either a hedge or a straight downside play.
- IV 30 is trading for 28%.
- HV10 is trading for 28%.
- IV 30 is trading at the HV 10.
Lam Research Corporation (Lam Research), is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. Lam Research designs, manufactures, markets, refurbish, and services semiconductor processing equipment used in the fabrication of integrated circuit. In addition, it offers a broad portfolio of single-wafer clean technologies.