Avon’s calling again: AVP had two large blocks of puts go up for the second day in a row. Someone’s looking for a big move between now and January.
Puts roll in AVP- Looks like a protective put roller
Shares of Avon Products, Inc. (AVP) are down .24 to 12.35 today.? The stock is near the lower end of the 52 week range.
Today paper traded 5000 AVP Jan 9 puts for .29. ?
- The ADV is 6621 contracts.
- The OI is 36k in Jan.
Volume went up in two large blocks. This is a continuation of the rolling volume we saw on the prior day.? Stock still looks like it is trading on a ratio to these puts.? The customer is expecting a big move out of AVP between now and Jan exp.
- 30-day implied volatility is 42%.
- 10-day implied volatility is 20%.
- 30 day implied volatility is trading above the 10 realized volatility.
Avon Products, Inc. (Avon) is a manufacturer and marketer of beauty and related products. The Company?s product categories are Beauty and Fashion & Home.
Put trade in DF- puts look like spread but not marked.
Shares of Dean Foods Inc. (DF) are down .17 to 13.07 today. DF is near a 52 week low.
Today paper traded 2000 DF Dec 11 puts for .3-.35.?
- The ADV is 1495 contracts.
- The OI is 82.
Volume went up in two blocks.? Heavy trade went up in Oct where the 13 and 14 puts traded mostly on a sale.? The customer looks like they are rolling to Dec where there is very low OI.? This could be a protective put play or continued spec on DF going lower.
- 30-day implied volatility is 36%. ?
- 10-day implied volatility is 23%.
- 30 day implied volatility is trading above the 10 realized volatility
Dean Foods Company is a food and beverage company. The Company is a processor and direct-to-store distributor of fluid milk and other fluid dairy products in the United States.
Calls trade in PTEN- upside call spec here very short term
Shares of Patterson-UTI Energy, Inc. (PTEN) are up .36 to 32.89 today.? PTEN is in the middle of the 52 week range.
Today paper traded 2465 PTEN Oct 34 calls for .55.?
- The ADV is 930 contracts.
- The OI is 611 contracts.
Volume went up in one large block.? The calls traded in the middle of the market but was a follow up trade to .50 options lifting the offer is significant size.? 6000+ contract trade on the day mostly on the offer with IV up 4 points.? This call buy is set up before the earnings date.
- 30-day implied volatility is 37%.
- 10-day implied volatility is 25%.
- 30 day implied volatility is trading above the 10 day realized volatility
Patterson-UTI Energy, Inc. (Patterson-UTI) owns and operates fleets of land-based drilling rigs in the United States. The Company?s contract drilling business operates primarily in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, West Virginia, Ohio and western Canada.