Shares of CommonWealth REIT (CWH) are up 1.05 to 27.86 today.? CWH is trading near a 52 high.
Today paper traded 8105 CWH Apr 22.5/25 call spread for .14.? The ADV is 2779 contracts.? The OI is over 11k contracts on both strikes.
The volume went up in two big blocks.? The trade went up right in the middle of the markets and it looks like a closing transaction due to the high OI.? The name is up sharply from late January and the .14 is a bit below TV so it is most likely a sell to close.? That would mean the trader has loss against it or had a counter long delta position.? A Jul call spread traded as well that looked like a covering roll up. Both trades looks like short delta closing.
30-day implied volatility is 32%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
CommonWealth REIT (CWH) is a real estate investment trust (REIT). CWH?s primary business is the ownership and operation of real estate, including office and industrial buildings and leased industrial land.