More Unusual Options Trading Activity: Large call sale in MTG that could be a continuing over writer, calls trade in VXX that could be a closer and a possible stupid in BHI.
Large Call Sale In MTG ? Could Be A Continuing Over Writer
Shares of MGIC Investment Corp. (MTG) are down .06 to 8.30 today. ?MGIC is near the middle of the 52 week range.
Paper traded MTG Jan 2015 10 calls at .25 22450x.
- The ADV is 7810.
- The OI is 79367.
The volume went up in one large block. The calls traded into the bid on a strike with very high open interest. This could be a continuing over writer of calls with the yield on the calls alone around 3%. Check the OI on this one to be sure tomorrow.
- IV 30 is trading for 42.
- HV10 is trading for 22.
- IV 30 is trading over the HV 10.
MGIC Investment Corporation (MTG) is a holding company and through wholly owned subsidiaries is a private mortgage insurer in the United States.
Calls trade in VXX- Could Be A Closer
Shares of the iPath S&P 500 VIX short-term futures ETN (VXX) are down .16 to 28.06. VXX is in the lower end of the 52 week range.
Paper traded 20000 VXX Sep 38 calls for .15.
- The ADV is 336k.
- The OI is 91k contracts.
The volume went up in 2 blocks. Total volume is over 55k contract as large blocks are paying up to close this contract. The .15 volume was through the offer at the time and some subsequent volume paid through the offer as well. The calls are down .03 since the early purchase and most likely are closing.
- IV 30 is trading for 54.
- HV10 is trading for 20.
- IV 30 is trading over the HV 10.
iPath S&P 500 VIX short-term futures ETN (VXX) buys short term VIX futures on an average 30 day duration.
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Calls Trade In BHI- Another Possible Stupid In BHI
Shares of Baker Hughes Inc (BHI) are up .15 to 66.98 today. BHI is near the middle of the 52 week range.
Paper traded a block of BHI Jan 85 calls for .24.
- The ADV is 6152.
- The OI is 6881.
The volume went up in 1 large block. Volume on the strike is over 5100 contracts with volume mostly leaning on the offer. Paper in here is either closing or adding to more upside volume. The trade is bullish looking for significant upside since the return for a buy write is very small on this call.
- IV 30 is trading for 23.
- HV10 is trading for 17.
- IV 30 is trading over the HV 10.
Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry.