Shares of Host Hotels and Resorts Inc. (HST) are down .12 to 22.63. ?HST is at the upper end of the 52 week range.
Today paper traded 9940 HST Aug 22 put for .15-20. ?The ADV is 2133 contracts.? The OI is 95 contracts.
The volume went up in two blocks on splits.? The trade is a big bet on a drop in HST or at minimum a hedge on an earnings surprise as the buyer is using about 1 dividends? worth of premium.? HST moves on earnings are usually small.
30-day implied volatility is 19%.?? 10-day implied volatility is 13%.? 30 day implied volatility is trading above the 10 realized volatility
Host Hotels & Resorts, Inc (Host Inc), operates as a self-managed and self-administered REIT.?