Today paper traded 1220 MTOR Dec 9 puts for .20.?These could be protective put buys into earnings but nearly 25% OTM.
Put buyers in BC- early buyers
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Shares of Brunswick Corp (BC) are down .32 to 48.44 today.? BC is near the top of the 52 week range.
Today paper traded 334 BC Nov 47 puts for .35.?
- The ADV is 411 contracts.?
- The OI is 0.? ?
Volume went up in 1 block.? The .35 bid was posted and filled.? .40 bids popped up to grab puts with volume now over 1000 contracts.? The traders are looking for a quick pull back in BC.
- 30-day implied volatility is 25%.? ?
- 10-day implied volatility is 19%.?
- 30 day implied volatility is trading above the 10 day realized volatility
Brunswick Corporation (Brunswick) is a worldwide designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment. Brunswick?s engine products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems, and marine parts and accessories. The Company?s boat offerings include fiberglass boats; sportfishing convertibles and motoryachts; offshore fishing boats; aluminum fishing boats, and pontoon and deck boats. Brunswick?s fitness products include both cardiovascular and strength training equipment for the commercial and consumer markets.
Put buyers in MTOR
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Shares of Meritor Inc. (MTOR) are up .13 to 12.40.? MTOR is near the middle of the 52 week range.
Today paper traded 1220 MTOR Dec 9 puts for .20.?
- The ADV is 474 contracts.?
- The OI is 10.? ?
Volume went up in 1 block.? The .20 bids were all filled and 4087 contracts have traded on the day.? The puts are currently offered .15 with size trading there.? These could be protective put buys into earnings but near 25% OTM.
- 30-day implied volatility is 58%.? ?
- 10-day implied volatility is 38%.?
- 30 day implied volatility is trading above the 10 day realized volatility
Meritor, Inc. (Meritor) is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.
Call spreads trade in RLGY- house money roll
Shares of Realogy Holdings Corp. (RLGY) are up .49 to 43.27.? RLGY is trading in the middle of the 52 week range.
Today paper traded 8572/10542 RLGY Jan 40/45 call spreads for 2.50 (1 to 1 pricing).?
- The ADV is 2133 contracts.?
- The OI is 17030 and 2882 contracts.? ?
Volume went up in 2 large blocks.? The Jan 40s are most likely a close after a smart buy picked them up for cheaper prices.? The trader is rolling into the 45 calls and jumping up in size.? This is usually a sign that the buyer thinks there is more room to run.? The open interest is still large on the 40s so there should be more rolling.
- 30-day implied volatility is 28%.? ?
- 10-day implied volatility is 30%.?
- 30 day implied volatility is trading below the 10 day realized volatility
Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.