Today paper traded the Sep 105/115 bearish risk reversal/collar 2000 times.?
Paper bought the Sep 105 put for $1.50 and sold the Sep 115 call for $2.85. The trader collected a net credit of $1.85 for the trade.?
While this could be an outright bearish spec on IAC, these trades are often used as collars against long stock positions.?