Shares of Burger King Worldwide Inc (BKW) are down .23 to 25.35. ? BKW is in the upper end of the 52 week range.
Today paper traded 5000 BKW Sep 23 put/ Sep 27 calls combos for .10 credit. ? The ADV is 469 contracts.? The OI is 50 contracts.
The volume went up in 2 blocks.? The buy write trade tag went up with the calls and puts so these options are most likely tied to stock.? This is a protected long delta trade through Sep.? Paper bought the puts and sold the calls to create a collar between the $23 and $27 level.
30-day implied volatility is 18%. ? 10-day implied volatility is 13%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Burger King Worldwide, Inc. is a fast food hamburger restaurant, under the Burger King brand. T