We?re back with more unusual options trading activity. This time, going long(er) in FIVE, rolling out of AEO, and jumping the gun in FCS.
Calls roll in FIVE- looks like a long player playing for more time
Shares of Five Below Inc. (FIVE) are down .56 to 38.72 today.? FIVE is near the bottom of the 52 week range.
Today paper traded 12500 FIVE Sep/Nov 40 calls spreads for 1.20. ?
- ADV is 2562 contracts.?
- OI is less than is 12500+ in Sep and 1297 in Nov.
Volume went up in two giant blocks.? This call spread is a roll out to buy more time.? With FIVE trading near the low end of the range the investor is looking for more time for a long call strategy to play out.? The trader might like the news in AEO
- 30-day implied volatility is 52%.??
- 10-day implied volatility is 29%.?
- 30 day implied volatility is trading above the 10 realized volatility.
Five Below, Inc. (Five Below) is a retailer offering a range of merchandise for teen and pre-teen customer.
Call spreads trade in AEO- Happy call buyer rolling out
Shares of American Eagle Outfitters (AEO) are up .99 today to 12.58.? AEO is in the lower end of the 52 week range.
Today paper traded 650 AEO Sep 12/Jan 13 call spread for .10.?
- ADV is 6528 contracts.?
- OI is 21k in Sep and 3267 in Jan.
Volume went up in two large blocks.? Paper had been buying up the Sep 12 calls in AEO and this looks like a successful roll with the house money being very close to financed.? UA highlighted AEO yesterday with buying on this strike and others around the 13 area.
- 30-day implied volatility is 50%.??
- 10-day implied volatility is 36%.?
- 30 day implied volatility is trading above the 10-day realized volatility
American Eagle Outfitters, Inc. (AEO, Inc.) is a specialty retailer that operates in the United States and Canada, and online at ae.com. AEO, Inc. operates under the American Eagle (AE), aerie by American Eagle (aerie), and 77kids by American eagle (77kids) brands.???????????????
Puts trade in FCS- put buyer jumping the gun
Shares of Fairchild Semiconductor Intl (FCS) are up .89 to 16.88. ?FCS is trading near a 52 week high.
Today paper traded 2000 FCS Sep 17 puts for .87.?
- ADV is 974 contracts.?
- OI is 24 contracts.
Volume went up in 1 block.? Total volume on the strike is over 3400 contracts as the buyer paid through the offer at the time.? FCS was part of a group of Semi stocks that were potential buyout candidates and FCS was not the one.? The .87 has not exited as of this writing.
- 30-day implied volatility is 34%.??
- 10-day implied volatility is 24%.?
- 30-day implied volatility is trading above the 10-day realized volatility
Fairchild Semiconductor International, Inc. (Fairchild) is focused on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a wide range of end market customers.