15000 AA Jul 8/11 call spreads went up in two blocks on the PHLX marked buy write.?
Shares of Alcoa Inc. (AA) are up .41 to 9.98 today.? AA is near the middle of the 52 week range.
- Paper traded 15000 AA Jul 8/11 call spreads for 2.67 over .67.?
- The ADV is 55k.?
- The OI is 106k and 53k contracts.
The volume went up in two blocks on the PHLX marked buy write.? The call spreads traded mostly mid-market and with the open interest the trade should be a house money roll up to the 11 strike.? 20000 more contracts traded around the same price.? This is worth checking the OI tomorrow to see if the Jul 11 OI jumps.
- IV 30 is trading for 47%.?
- HV10 is trading for 71%.?
- IV 30 is trading below the HV 10.
Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world. It also produces and manages primary aluminum, fabricated aluminum and alumina combined, through its active participation in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. It produces three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.