Today in unusual activity: JCP, XHB, and CPB?
Puts trade in JCP: put holder seems to be giving up
Shares of JC Penney Company (JCP) are up .21 to 9.71.? JCP is in the middle of the 52 week range.
Today paper traded 12595 JCP Jan 3 puts for .01 to .02. ?
- ADV is 45,657 contracts.?
- OI is 68,691 contracts.
Volume went up in two giant blocks.? The large open interest means this is most likely closing.? After the last earnings report bankruptcy (BK) is less likely so a put owner is exiting early.? Why they would do so now for small dollars is a mystery.
- 30-day implied volatility is 31%.??
- 10-day implied volatility is 43%.?
- 30-day implied volatility is trading below the 10-day realized volatility.
Tessera Technologies, Inc. is a holding company with operating subsidiaries in two segments: Intellectual Property and DigitalOptics. The Company develops, invests in, licenses and delivers miniaturization technologies and products for electronic devices.
Puts trade in XHB: put owners seem to be exiting
Shares of SPDR S&P Homebuilders (XHB) are up .57 to 31.15 today.? XHB is in the middle of the 52 week range.
Today paper traded 12071 XHB Dec 29 puts for .69-.70.?
- ADV is 20,664 contracts.?
- OI is 27,106 contracts.
Volume went up in two blocks both on the CBOE.? The trades were close to the bid and most likely closing paper.? The put buyers that were looking for protection or a leg down seem to be getting out now that XHB is bouncing off of lower levels.
- 30-day implied volatility is 18%.??
- 10-day implied volatility is 16%.?
- 30-dday implied volatility is trading above the 10-day realized volatility
SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index.
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Calls trade in CPB: big earnings bet now
Shares of Campbell Soup Company (CPB) are up .64 to 44.11. ?CPB is in the middle of the 52 week range.
Today paper traded 5000 CPB Sep 48 call for .30.?
- ADV is 1,950 contracts.?
- OI is 0 contracts.
Volume went up in 1 big block marked spread.? There is no counter side of that size in the CPB options right now so the spread moniker is curious.? There is huge volume today in the Sep term as traders bid up the IV.? Either way call buyers are moving up and over the 52 high in this call buy with it .20 to the good already.
- 30-day implied volatility is 24%.??
- 10-day implied volatility is 12%.?
- 30-day implied volatility is trading above the 10-day realized volatility
Campbell Soup Company (Campbell) together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.