Unusual Options Trading Activity Alert: Put buy writes going up early In JNK, looks like a straddle seller in GSAT, and giant synthetic strangles trade in APD.
Puts Trade In JNK- Looks Like Some Put Buy Writes Going Up Early
Shares of the SPDR Barclays Capital High Yield Bond ETF (JNK) are down .02 to 40.68. JNK is near the top of the 52 week range.
Paper traded 5000 JNK Dec 40 puts for .95.
- The ADV is 2427.
- The OI is 2346.
The volume went up in one large block marked buy write. The Sep 40 puts went up as a buy write as well. This looks like a put and stock purchase. Check the OI on the Sep as this could be a closing transaction rolling to Dec. The trader could be moving puts to a longer duration.
- IV 30 is trading for 10.
- HV10 is trading for 2.
- IV 30 is trading over the HV 10.
SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index).
Straddles Trade In GSAT- Looks Like A Straddle Seller
Shares of Globalstar, Inc. (GSAT) are down .01 to 3.75 today. GSAT is in the upper end of the 52 week range.
Paper traded 1959 GSAT Apr 3 put at .69 and Apr 5 calls at .74.
- The ADV is 1416.
- The OI is 1882 and 6387 contracts.
The volume went up in 2 blocks marked straddle. The trade went up close to the bid with the customer selling a long term straddle. The premium yield on this if the GSAT stays in the 3/5 range is about 38%. This trade could be covered with stock and is a common yield play for hedge funds.
- IV 30 is trading for 89.
- HV10 is trading for 13.
- IV 30 is trading over the HV 10.
Globalstar, Inc. (Globalstar) is a provider of mobile voice and data communications services globally via satellite. Globalstar?s satellite communications business, by providing critical mobile communications to the Company’s subscribers, serves principally recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining and forestry; construction; utilities and transportation
Giant Synthetic Strangles Trade In APD- Size Call Buying With Stock
?Shares of Air Products & Chemical, Inc. (APD) are down .34 to 129.77. ADP is near the upper end of the 52 week range.
Paper traded blocks of 7500 APD Sep 130 and 135 for 1.60 and .55.
- The ADV is 2100.
- The OI is 2996 and 6700.
The volume went up in 2 blocks marked buy write. 7500 lot blocks of Oct 130 and 135 calls went up as well tied to a print of 1.4 million shares of ADP. The net effect of this trade is a giant strangle. This could be a stock replacement with the call buyer looking for a big move in APD.
- IV 30 is trading for 19.
- HV10 is trading for 8.
- IV 30 is trading over the HV 10.
Air Products and Chemicals, Inc. has a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. It is a supplier of hydrogen and helium and operates in markets, such as semiconductor materials, refinery hydrogen and natural gas liquefaction.