The Options Insider

Profit Taking in EWT

by | Apr 27, 2015 | Unusual Activity

22900 EWT May 17 calls traded today at .31. We covered the opening trade for .135 on Apr 23, so this trade hit it out of the park.

Calls go up in EWT- Profit taking

?EWT

Shares of iShares MSCI Taiwan Index (EWT) are up .21 to 17.03 today. ??EWT is making a 52 week high.

  • Paper traded 22900 EWT May 17 calls at .31.
  • The ADV is 3418.
  • The open interest is over 30k contracts.

The volume went up 1 giant block.? This trade went up on the PHLX and the customer is most likely closing a winner.? EWT is at an all-time high right now and looks to close most of the OI.

UA covered the opening trade for .135 on 25k contracts Apr 23rd so this trade hit it out of the park.

  • IV 30 is trading for 17%.
  • HV10 is trading for 19%.
  • IV 30 is trading below the HV 10.

Ishares MSCI Taiwan 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 Taiwan IndexSM (the Index).

 

Calls in JOY- call blocks trading

?JOY

Shares of the Joy Global Inc. (JOY) are up 1.71 to 42.26 today. ??JOY is near the bottom of the 52 week range.

  • Paper traded 2000 JOY May 42 calls for .94.
  • The ADV is 1817 contracts.
  • The OI is 475 contracts.

The volume went up in 1 block on the ISE. May 42s went up with May 42.5s marked spread but both showed buying.? The trade could be a call stupid looking for big upside in the near term.

  • IV 30 is trading for 31%.
  • HV10 is trading for 26%.
  • IV 30 is trading below the HV 10.

Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications.

 

Puts in DTV- OTM put trade

?DTV

Shares of Direct TV (DTV) are up .34 to 90.19. ?DTV is near a 52 week high.

  • Paper traded 10000 DTV Jun 60 puts for .06.
  • The ADV is 2172 contracts. ?
  • The OI is 5697 contracts.

The volume went up in 1 block on the ISE.? This opening put block is probably some risk arb hedge for DTV.? The trader needs to protect another position from a big blow up in the price of DTV.? The price is well below the year lows in this name.

  • IV 30 is trading for 15%.
  • HV10 is trading for 18%.
  • IV 30 is below the HV 10.

DIRECTV, is a provider of digital television entertainment in the United States and Latin America. The Company operates two direct-to-home (DTH), operating segments: DIRECTV U.S. and DIRECTV Latin America, which are engaged in acquiring, promoting, selling and/or distributing digital entertainment programming primarily via satellite to residential and commercial subscribers.