4000 KOL Aug 10 puts went up in in many blocks on all floors.?
Put buyers in KOL- size put buying
Shares of Market Vectors Coal (KOL) are down .06 to 10.30 today. ???KOL is at the bottom of the 52 week range.
- Paper traded 4000 KOL Aug 10 puts for .30.
- The ADV is 49 contracts.
- The OI is 62 contracts.
The volume went up in in many blocks on all floors.? Early paper swept the offer with 761 contracts and .30 bids piled in and is .30 bid for the puts going out.? The trader is looking for new lows in KOL or some type of protection form the drop.
- IV 30 is trading for 34%.
- HV10 is trading for 33%.
- IV 30 is trading above the HV 10.
Market Vectors-Coal ETF (the Fund) seeks to replicate as closely as possible the price and yield return performance of the Stowe Coal Index (COAL or the Index) by investing in a portfolio of securities that generally replicates COAL
Calls and puts in VALE- possible risk reversals or strangles
Shares of Vale SA (VALE) are down 08 to 5.50 today. ?VALE is near the bottom of the 52 week range.
- Paper traded 9500 VALE Aug 6 calls and 4750 VALE Sep 5 puts for .18 and .29.
- The ADV is 66k contracts.
- The OI is 8912 in Aug and 98540 in Sep contracts.
The volume went up in 2 blocks on the AMEX marked spread.? Net calls in Aug were closer to 10000 so the Aug side was opening.? The trade printed dead in the middle of the market and it does look the IV is up in both months.? No stock went up but the likely trade would be a put sale near the bottom to pay for most of the upside calls.? Tough one to call right now.
- IV 30 is trading 59%.
- HV10 is trading for 64%.
- IV 30 is trading above the HV 10.
Vale S.A. (Vale) is a metals and mining company.
Calls trade in HTZ- giant call roll trades
Shares of the Hertz Global Holdings Inc. (HTZ) are up 2.20 to 19.19 today. HTZ is near the middle of the 52 week range.
- Paper traded 25000/35000 HTZ Jul 18 calls over Sep 20 calls for 1.15 and 1.10. ??
- The ADV is 15000 contracts. ?
- The OI is 27k contracts in Jul and 7602 in Sep contracts.
The volume went up in two blocks on the PHLX marked spread.? ?The trader closed the Jul calls and moved into the Sep calls for a .05 credit.? They are taking the long delta and keeping it going. The trade looks like an up money roll.
- IV 30 is trading for 43%.
- HV10 is trading for 31%.
- IV 30 is above the HV 10.
Hertz Global Holdings, Inc. (Hertz Holdings) is a holding company. The Company operates car rental business through the Hertz, Dollar, Thrifty and Firefly brands from 11,555 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand.