The Options Insider

Selling Puts to Open in TAN

by | Mar 5, 2015 | Unusual Activity

247 TAN Mar 42 puts went up in one block hitting the bid in a .45 wide market.?

Put sellers in TAN- traders selling puts to open

TAN

Shares of Guggenheim Solar ETF (TAN) are up 1.68 to 44.58 today.? TAN is near the upper end of the 52 week range.

  • Paper traded 247 TAN Mar 42 puts at .60.
  • The ADV is 138 contracts.
  • The OI is 63 contracts.

The volume went up in one block hitting the bid in a .45 wide market.? TAN is on a run from the 30s and the traders here are selling some near the money puts, possibly looking to take the stock on a move.? Paper has sold the puts down to .40 today with volume over 400 contracts on the strike.

  • IV 30 is trading for 31%.
  • HV10 is trading for 31%.
  • IV 30 is trading at the HV 10.

The Guggenheim Solar ETF?(NYSE:TAN), seeks investment results that correspond generally to the performance, before the Fund?s fees and expenses, of an equity index called the MAC Global Solar Energy Index (the ?Index?). The Fund will invest at least 90% of its total assets in common stock, American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that comprise the Index and depositary receipts representing common stocks included in the Index (or underlying securities representing ADRs and GDRs included in the Index).

 

Call traders flood into OC- buyer writers and call buyers

OC

Shares of Owens Corning (OC) are up .54 to 40.08 today. ??OC is near the middle of the 52 week range.

  • Paper traded 2 x 2625 May 40 calls for 1.90.
  • The ADV is 1257 contracts.
  • The OI is 6633 contracts.

The volume went up in 2 block marked buy write.? OC is near the upper end of the range with this trade going up tied to stock of 262500 shares.? The trade could be a delta neutral straddle or a close from a previous position.? Usually a trade marked like this is opening.? The IV is up in May with paper buying some May 41s as well.

IV 30 is trading for 15%.?

HV10 is trading for 7%.

  • IV 30 is trading over the HV 10.

PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Through the Company’s bottlers, contract manufacturers and other partners, the Company makes, markets, sells and distributes a range of foods and beverages in more than 200 countries and territories.