3000 MTW Jan 21 calls went up in 1 block against 150,000 shares marked buy-write.? That would make this a synthetic straddle or a straight stock replacement with lots of upside leverage.
Calls roll in SE- roll down and out
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Shares of Spectra Energy Corp. (SE) are up .13 to 37.03 today.? SE is near the middle of the 52 week range.
Paper traded 1781/2500 SE Jan 42/ Feb 40 call spread for .30. ?
- The ADV is 1796 contracts.
- The OI is 7717 and 47 contracts.
The volume went up in 2 large blocks.? This is most likely a roll down where the Jan 42 are near worthless and the trader is moving into the Feb 40s.? The trader is still looking for a bounce higher into the Feb cycle but there might be more of the Jan?s to roll.
- IV 30 is trading for 25%.
- HV10 is trading for 37%.
- IV 30 is trading under the HV 10.
Spectra Energy Corp (Spectra Energy) through its subsidiaries and equity affiliates, owns and operates a portfolio of complementary natural gas-related energy assets and is a natural gas infrastructure company.
Possible stock replacement in MTW- ratio buy write goes up
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Shares of the Manitowoc Company Inc.? (MTW) are up 1.42 to 22.34 today. ??MTW is near the lower end of the 52 week range.
Paper traded 3000 MTW Jan 21 calls for 1.90. ??
- The ADV is 2750 contracts.
- The OI is 5019 contracts.
The volume went up in 1 block.? There looks like stock against this trade with 150000 shares marking buy write.? That would make this a synthetic straddle or a straight stock replacement with lots of upside leverage.
- IV 30 is trading for 46%.
- HV10 is trading for 67%.
- IV 30 is trading under the HV 10.
The Manitowoc Company, Inc. (MTW) is a multi-industry, capital goods manufacturer. MTW operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks.
Calls roll in ZION- possible post earnings roll
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Shares of ZIONS Bancorp. (ZION) are up .21 to 28.77 today. ??ZION is near the middle of the 52 week range.
Paper traded 3155 ZION Jan/Apr 30 call spread for .74.?
- The ADV is 1034 contracts. ?
- The OI is 8561 and 660 contracts.
The volume went up 2 blocks.? Size volume on this strike traded in NOV when ZION was trading closer to 30.? This looks like a buy write close and roll for more premium. This just about a 3% yield to Apr with other call buyers stepping in to buy the Apr 30/32 call spread.? The Jan side looked expensive at the time of the print.
- IV 30 is trading for 22.5%.
- HV10 is trading for 22%.
- IV 30 is trading under the HV 10.
Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management, and investment activities.