Did a newsletter recommendation prompt some unusual options activity?
Calls trade in TSRA- possible newsletter call buying
Shares of Tessera Technologies, Inc. (TSRA) are up .57 to 28.45.? TSRA is in the lower end of the 52 week range.
Today paper traded 1658 TSRA Sep 29.48 calls for .55-.70. ?
- ADV is 491 contracts. ?
- OI is 159 contracts.
Volume went up in scattered sizes.? Small sized started lifting the offer early and continues throughout the day with the latest print at .70.? This is essentially bullish paper looking for a bounce off the lows.
- 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.
Calls trade in NM- possible early call covering in here
Shares of Navios Maritime Holidngs Inc (NM) are up .30 to 8.72.? NM is in the middle of the 52 week range.
Today paper traded 800 NM Jan 10 calls for .55. ?
- ADV is 600 contracts. ?
- OI is 6,000+ contracts.
Volume went up in two midsize blocks.? The trades were a part of more volume on the most active strike today in NM.? Prices ranges from .55-.64 today as paper bid these options up.? This is very early to close a covered call so this could be spec opening as much of the volume is trading near the offer.? Keep an eye out for more volume here as this is slightly bullish.
- 30-day implied volatility is 47%. ?
- 10-day implied volatility is 42%.?
- 30-day implied volatility is trading below the 10-day realized volatility
Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company which operates numerous businesses focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
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Calls trade in NKTR- rush to close some ITM calls
Shares of Nektar Therapeutics (NKTR) are up .28 to 13.55. ?NKTR is in the middle of the 52 week range.
Today paper traded 2712 NKTR Aug 13 calls at .45. ?
- ADV is 943 contracts. ?
- OI is 6,678 contracts.
Volume went up in 1 big block.? Total volume on the strike is over 3000 contracts as most paper is closing below parity at the time of execution.? For now the long holder are not rolling out so this could mean they don?t think NKTR has more upside in it for now.? There is still 3600+ calls to go.
- 30-day implied volatility is 85%. ?
- 10-day implied volatility is 64%.?
- 30 day implied volatility is trading above the 10-day realized volatility
Nektar Therapeutics is a clinical-stage biopharmaceutical company which develops a pipeline of drug candidates that utilize company platforms. The Company’s product pipeline is consisted of early to late stage drug candidates across a number of therapeutic areas, including oncology, pain, anti-infectives, anti-viral and immunology. Its research and development activities involve both small molecule and biologic drug candidates.
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