7500/4000 PYPL Aug 42/ Aug 43 call spreads went up on the PHLX in two blocks marked buy-write.?
Shares of PayPal Holdings Inc. (PYPL) are up .47 to 39.39 today.? PYPL is near the top of the 52 week range.
- Paper bought 7500/4000 PYPL Aug 42/ Aug 43 call spreads for .50 and .296.?
- The ADV is 14157 contracts per day.?
- The OI is 2870 and 6083 contracts.
The volume went up on the PHLX in two blocks marked buy-write.? Stock of 110k shares went up so the call spread on a ratio is tied to stock.? The net position is backspread so the trader is looking for a big move.
- IV30 is 32% and the HV10 is 44%.?
- IV30 is trading at a premium to current realized vol.
PayPal Holdings, Inc. (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.