7500/5000 P Mar 16 calls over Mar 11 puts went up in 2 blocks on the PHLX
Shares of Pandora Media Inc. (P) are up .31 to 13.69 today.? P is near the middle of the 52 week range.
- Paper trade 7500/5000 P Mar 16 calls over Mar 11 puts for .69 and .52.?
- The ADV is 15k. ?
- The OI is less than 1615 on the calls and 1656 on the puts.
The volume went up in 2 blocks on the PHLX marked spread.? As priced the trade went up near the bid.? It does look like an opening short strangle leaning slightly long delta. The range that the trade is profitable is under $17 and over $10.
- IV 30 is trading for 66%.?
- HV10 is trading for 79%.?
- IV 30 is below the HV 10.
Pandora Media, Inc. (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage.