Paper traded 4715 CBS Dec16 47.5 puts over Dec16 52.5 calls for .55 and 3.95. ?
Shares of CBS Inc. (CBS) are down .94 to 55.27 today.? CBS is in the upper end of the 52 week range.
- Paper traded 4715 CBS Dec16 47.5 puts over Dec16 52.5 calls for .55 and 3.95.?
- The ADV is 6390.
- The OI is 2054 and 2921 contracts.
The volume went up on the ARCA marked spread. This trade went with a sell to close in Oct of the same strikes so it appears the trader is trying buy a long delta with protections.? CBS is the subject of takeover rumor lately and the long delta would fit with that.
- IV 30 is trading for 27%.?
- HV10 is trading for 19%.?
- IV 30 is above the HV 10.
CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.