10000 SUNE Aug 12/17 put spreads went up in 2 large blocks & is most likely rolling down to the 12 strike and booking gains on the 17 puts.?
Puts trade in SUNE- put rollers taking profits????????????????????
Shares of Sunedison Inc. (SUNE) are up .90 to 14.25 today. ?SUNE is near the bottom of the 52 week range.
- Paper traded 10000 SUNE Aug 12/17 put spreads for 3.00.
- The ADV is 43049 contracts.
- The OI is 3777 and 10532 contracts.
The volume went up in 2 large blocks on the PHLX marked spread. ??The trade here is most likely rolling down to the 12 strike and booking gains on the 17 puts.? Huge combinations are going up that look like closing short Oct 22 calls and closing long Oct 16 puts.? IV is at year highs so the long premium trades are getting closed.
- IV 30 is trading 130%.
- HV10 is trading for 164%.
- IV 30 is trading below the HV 10.
SunEdison, Inc. (SunEdison) is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and manufacturer of silicon wafers.