2500 CAB Jun 40/45 put spreads went up marked buywrite on the PHLX.?
Shares of Cabelas Inc. (CAB) are down .40 to 48.48.? CAB is near the middle of the 52 week range.
- Paper traded 2500 CAB Jun 40/45 put spreads for 1.25.?
- The ADV is 662 contracts.?
- The OI is 500 contracts.
The trade went up marked buywrite on the PHLX.? The trade went up with 50000 shares of CAB which makes this a delta neutral buy write.? The trader is expecting more movement to come but really wants a move higher at some point to generate real dollars.
- ?IV30 is 37%; HV10 is 30%?
- The implied volatility is trading at a premium to the realized volatility.
Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company operates under the following segments: Retail, Direct, Financial Services, and Corporate Overhead and Other.