Unusual Options Trading Activity Alert: Calls trade in CODE, Calls roll in UUP, and Put spreads trade in TROW.


Calls trade in CODE- Looks Like A Newsletter Buyer

Spansion Inc logoShares of Spansion Inc. (CODE) are up .36 to 23.10 today.? CODE is near the 52 week high.

Today paper traded 5100 CODE Nov 30 calls for .80.

  • The ADV is 1737 contracts.?
  • The OI is 187 contracts.

Volume went up in 1 large block.? The trade lifted the offer with volume over 12k contracts today.? IV in Nov up 8.8 points today.? The paper is bullish looking for new highs in CODE with volatility up in all terms.

  • 30-day implied volatility is 31%.??
  • 10-day implied volatility is 9%.?
  • 30 day implied volatility is trading above the 10 realized volatility.

Spansion Inc. (Spansion) provides flash memory-based embedded systems solutions. Spansion?s flash memory, microcontrollers, mixed-signal and analog products drive the development of electronics. Spansion?s electronics systems are used in connecting, controlling, storing and powering from automotive electronics and industrial systems to consumer devices.

Calls Roll In UUP- Looks Like A Dec Seller Moving Into Jan

Powershares DB US Dollar IndexShares of PowerShares DB US Dollar Index are up .20 to 22.27 today.? UUP is near the top of the 52 week range.

Today paper traded 7500 UUP Dec 22 calls for .34.?

  • The ADV is 3906 contracts.?
  • The OI is 39395 contact.

Volume went up in 1 block through the posted bid.? Subsequent volume went up on the bid for just over 10k contracts.? Similar volume went up for .08 and .09 in Jan but the trade was not marked spread.? IV is up a healthy .49 points in Jan.? This looks like a call holder rolling up and out.

We highlighted this trade on Jul 30th.
?Shares of Powershares DB US Dollar Index (UUP) are up .08 to 21.74.? UUP is at the upper end of the 52 week range.

Today paper traded 15000 UUP Dec 22 calls at .16-17.? The ADV is 2840 contracts.? The OI is 59241 contracts.

The volume went up in 3 blocks.? There is huge open interest and a blocks of the calls traded for .11 two weeks ago. The trader is probably starting to take profits on the recent dollar rally.? If so there is a lot of OI to go.?

  • 30-day implied volatility is 4.8%.??
  • 10-day implied volatility is 3.5%.?
  • 30 day implied volatility is trading above the 10 realized volatility

PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund establishes long positions in certain futures contracts (the DX Contracts) with a view to tracking the changcBank Long US Dollar Index (USDX) Futures Index Excess Return (the Index), over time.


Put SpreadsTtrade In TROW- Newsletter Put Spread Selling

T. Rowe Price logo Shares of T. Rowe Price Group Inc. (TROW) are up .62 to 81.28 today.? TROW is near the upper end of the 52 week range.

Today paper traded 128 TROW Oct 75/80 put spreads at 1.10.?

  • The ADV is 368 contracts.?
  • The OI is less than 525 contracts per strike.

Volume went up in two small blocks.? Subsequent volume went up to over 800 contracts on several exchanges trying to get a fill. IV is pretty much unchanged in Oct.? There is a .44 dividend so this could be a play to capture the stock lower short term. ?

  • 30-day implied volatility is 16%.??
  • 10-day implied volatility is 8%.?
  • 30 day implied volatility is trading above the 10 realized volatility

T. Rowe Price Group, Inc. is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios, including separately managed accounts, sub-advised funds, and other sponsored investment funds offered to investors outside the United States and through variable annuity life insurance plans in the United States.