The trade was marked as a spread with a?block of 170k shares that?went up marked tied to a derivative so this is could be a put and stock close today.
Short Volatility Play in THC
Shares of Tenet Healthcare Corp (THC) are up 1.01 to 56.61.? THC is near the middle of the 52 week range.
Today paper traded 7500 THC Jan 48 for 1.20.?
- The ADV is 1956 contracts.?
- The OI is 7538 contracts.
Volume went up in 1 block.? The trade marked spread and a block of 170k shares of THC went up marked tied to a derivative so this is could be a put and stock close today.? The trader might have used this as a short volatility play and is closing down the position for a win.
- 30-day implied volatility is 45%.? ?
- 10-day implied volatility is 37%.?
- 30 day implied volatility is trading below the 10 day realized volatility
Tenet Healthcare Corporation (Tenet) along with its subsidiaries, is an investor-owned health care services company.