In part 2 of unusual options trading activity for the day, we have OTM call sellers in VXST, a cage match in CDNS, and paying up for puts in ACM.
Calls Trade in VXST- OTM call sellers
Shares of the CBOE Short Term SP 500 Volatility Index (VXST) are down .02 to 10.91.? VXST is near the low end of the 52 week range.
Today paper traded 1500 VXST Aug 27 Weekly 17 calls at .05. ?
- ADV is 794 contracts.?
- OI is 0.
Volume went up in one block.? Traders hit the upside bid when VXST spiked this morning.? The bid for these calls is now gone.? This was an aggressive bet that VXST would decline.
- 30-day implied volatility is 100%.??
- 10-day implied volatility is 143%.?
- 30-day implied volatility is trading above the 10-day realized volatility.
CBOE Short Term SP 500 Volatility Index (VXST) provides a gauge of expectations of 9-day volatility, making it particularly responsive to changes in the S&P 500?Index.?
Calls Trade in CDNS- OTM calls trade in a cage match
Shares of Cadence Design Systems (CDNS) are up .03 to 17.73.? CDNS is near the top of the 52 week range.
Today paper traded 1165 CDNS Nov 19 calls for .50.?
- ADV is 782 contracts.?
- OI is 104 contracts.
Volume went up in 1 block.? The buyer bid .50 in a .30/50 market to take all the available options at that price.? 7906 options traded on the strike most between .45 and .55.? The IV is up 2.35 points which is a pretty big jump in this name so the call buyers are looking for more upside action in here.
- 30-day implied volatility is 23%.??
- 10-day implied volatility is 16%.?
- 30 day implied volatility is trading above the 10-day realized volatility
Cadence Design Systems, Inc. (Cadence) develops electronic design automation (EDA), software, hardware, and silicon intellectual property (IP). Cadence licenses software and IP, sells or leases hardware technology and provides engineering and education services worldwide to help manage and accelerate electronics product development processes.
Put spread trades in AECOM ? customer pays up for a put spread
Shares of AECOM Technology Corp (ACM) are up .53 to 37.45. ?ACM is near the top of the 52 week range.
Today paper traded 14800 ACM Dec 30/35 put spreads for 1.22.
- ADV is 746 contracts.?
- OI is less than 1000 contracts on both strikes.
Volume went up in 2 blocks.? The trader had to pay through the offer on the Dec 35 puts to put the trade up.? The put spread could be a hedge for the current open interest on the Dec 32.5 strike.? This spread does have the feeling of protecting equity gains in a stock near the highs.
- 30-day implied volatility is 44%.??
- 10-day implied volatility is 27%.?
- 30-day implied volatility is trading above the 10-day realized volatility
AECOM Technology Corporation (AECOM), is a provider of professional technical and management support services for commercial and government clients around the world.