25000/25000 FTR Jan 2016 6 puts went up in 3 blocks on the PHLX marked buy-write.?
Shares of Frontier Communications Corp. (FTR) are up .02 to 5.46 today. ?FTR is near the bottom of the 52 week range.
- Paper traded 25000/25000 FTR Jan 2016 6 puts and Jan 2017 4.5 puts for 1.00 and .775.
- The ADV is 6706 contracts.?
- The OI is 34037 and 4193 contracts.
The volume went up in 3 blocks on the PHLX marked buy-write.? This trade looks like the Jan 2016 6 puts were a close and the Jan 2017 4.5 puts were an open.? 700000 shares of stock went up with the trade so the investor is looking at a long put and stock trade.? Possibly adding more shares at the lower level.
- IV 30 is trading for 43%.?
- HV10 is trading for 39%.?
- IV 30 is trading above the HV 10.
Frontier Communications Corporation is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products.