3778 PSEC Jan 2017 5 puts went up in one block on the ISE marked sweep.   


Shares of Prospect Capital Corp (PSEC) are up .06 to 6.89 today.  PSEC is trading in the middle of the 52 week range.

  • Paper traded 3778 PSEC Jan 2017 5 puts for .85.
  •  The ADV is 2093 contracts.  
  • The open interest is 20675 contracts.

The volume went up in one block on the ISE marked Sweep.   There is large put buying on several strikes as IV is up 10-20 points in different terms.  There were no large size stock prints so the puts are protection or a large downside speculation.  The large OI on the Jan 2017 5 puts could be close but almost every other strike was opening.  The stock just came from the $5 range so these could be protective puts.

  • IV 30 is trading for 57%. 
  • HV10 is trading for 81%. 
  • IV 30 is below the HV 10.

Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.