The Options Insider

Short Term Play in HLF

by | Apr 16, 2015 | Unusual Activity

7000 HLF Apr 45 puts went up in one block marked price variation. HLF went up for 44.19 on 497k shares close to the trade.?

Calls trade in ATW- call traders bidding up

?ATW

Shares of Atwood Oceanics, Inc. (ATW) are down .48 to 32.84 today. ?ATW is near the lower end of the 52-week range.

  • Paper traded 160 ATW May 35 calls for .85.
  • The ADV is 576 contracts.
  • The OI is 91.

The volume went up in 1 block through the offer on a sweep.? Total volume on the calls is near 6000 as some early sellers gave way to a wave of buying.? Currently the IV is up 5 points in May as the call buyers keep coming.

  • IV 30 is trading for 46%.
  • HV10 is trading for 47%.
  • IV 30 is trading below the HV 10.

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells.

 

Calls trade in PNRA- possible buy writer

?PNRA

Shares of Panera Bread (PNRA) are up 19.75 to 183.65 today. ??PNRA is making a 52 week high.

  • Paper traded 453 PNRA May 185 calls at 5.00.
  • The ADV is 1915 contracts.
  • The OI is 169 contracts.

The volume went up in 2 blocks on 2 exchanges with half the volume trading through the NBBO.? This trade is most likely a buy writer looking to lock in the big upside move in PNRA.? There was relative haste in the transaction to sell these calls through the bid.? Earnings are out on the 28th so the seller wanted to take advantage of the higher prices now.

  • IV 30 is trading for 29%.
  • HV10 is trading for 20%.
  • IV 30 is above the HV 10.

Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with 1,777 Company-owned and franchise-operated bakery-cafe.

 

Puts trade in HLF- short term move play in HLF

?HLF

Shares of Herbalife Ltd (HLF) are up .31 to 44.56 today. ?HLF is near the lower end of the 52 week range.

  • Paper traded 7000 HLF Apr 45 puts for 1.02.
  • The ADV is 21060 contracts. ?
  • The OI is 6624.

The volume went up in one block marked price variation.? Stock went up for 44.19 on 497k shares close to the put trade.? It looks like a delta neutral stock and options play into expiration.? The pricing on the stock was well below market prices.? The customer paid up for the 7000 puts but got a break on the stock.

  • IV 30 is trading for 73%.
  • HV10 is trading for 35%.
  • IV 30 is above the HV 10.

Herbalife Ltd. is a Cayman Islands-based global nutrition company. The Company sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.