Unusual Activity Alert: Call Sellers Try on some DSW

Unusual Activity Alert: Call Sellers Try on some DSW

Shares of DSW Inc. (DSW) are up .74 to 40.33 today.? DSW is in the upper end of the 52 week range.

Today paper traded 2000 DSW Apr 42.5 calls at .50.? The ADV is 438 contracts.? The OI is 1710 contracts.

The volume went up in one big block.? The trade is consistent with a call writer and the volume looks like new selling.? The trader wanted to catch the higher premium that comes from earnings but the calls are already .65 bid as of this writing.? It is odd for volatility to dip going into a cycle but IV is down just fractionally in DSW today in Apr.

30-day implied volatility is 34%. ? 10-day implied volatility is 22%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

DSW Inc. (DSW) is a United States branded footwear and accessories specialty retailer.