Today in unusual options trading activity we have early put buyers in XXII that look savvy, a possible inversion takeover candidate at WFT and call buyers paying up a bit at ATVI.

Put Buyers In XXII- Early Put Buyers Look Savvy

XXIIShares of 22ND Century Group (XXII) are down .66 to 2.50 today. XXII is in the middle of the 52 week range.

Today paper traded 186 XXII Sep 3 puts for.45.?
  • ADV is 424 contracts.
  • The OI is 126.

Volume went up in one block. Total volume is 1186 today so far and this early buyer posted bids on other floors scooping up closer to 500 puts for .45. XXII fell out of bed to trade around $2.00 and the opening put buys have not closed yet. IV 30 is up 50 points today.

  • 30-day implied volatility is 190%.??
  • 10-day implied volatility is 60%.
  • 30 day implied volatility is trading above the 10 realized volatility.

22nd Century Group, Inc. (22nd Century Group) through its subsidiary, 22nd Century Limited, LLC (22nd Century Ltd), is a plant biotechnology company. The Company focuses on tobacco harm reduction and smoking cessation products produced from modifying the nicotine content in tobacco plants through genetic engineering and plant breeding.


Calls Trade In WFT- Could Be An Inversion Takeover Candidate


Shares of Weatherford International PLC (WFT) are up .61 to 23.55. ?WFT is near a 52 week high.

Today paper traded 7608 Oct 27 calls for .13.

  • The ADV is 6288 contracts.
  • The OI is 14 contracts.

Volume went up in 1 large block. The trade looks like a spec call buy. The premium is a bit too cheap for a call write and the IV in Oct is now up 4 points. IV across the term structure has jumped quite a bit in WFT. Heavy call buying in all strikes.

  • 30-day implied volatility is 31%.??
  • 10-day implied volatility is 29%.
  • 30 day implied volatility is trading above the 10 realized volatility

Weatherford International plc (Weatherford), formerly Weatherford International Ltd., is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.


Calls Trade In ATVI – Call Buyers Paying Up A Bit


Shares of Activision Blizzard, Inc (ATVI) are up .07 to 23.08 today. ATVI is near the top of the 52 week range.

Today paper traded 3578 ATVI Sep 23 calls for .56.

  • The ADV is 5957 contracts.
  • The OI is 2018 contracts.

Volume went up in one large block. This early volume was followed by posted .57 bids which is where the market currently stands. 9000+ contracts traded on the day as IV was pushed up slightly. There were more willing sellers here and buyers got their fill for .57 so far. More upside spec call buying;

  • 30-day implied volatility is 21%.??
  • 10-day implied volatility is 10%.
  • 30 day implied volatility is trading below the 10 realized volatility

Activision, Inc. (Activision Blizzard) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.