Unusual Options Trading Activity Alert: Call Buyers Flood Into ZQK, Calls Trade In JAKK ? Buying Through The Offer, and Calls Trading In GLW
Call Buyers Flood Into ZQK- Looks Like Pre-Earnings Spec.
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Shares of QuickSilver, Inc (ZQK) are even today at 2.88.? ZQK is near the 52 week low.
Today paper traded 560 ZQK Sep 3 calls for .20.?
- The ADV is 1332 contracts.?
- The OI is 561 contracts.
Volume went up in 2 large blocks.? The trade lifted the offer on two exchanges at the same time looking for liquidity.? Total volume now is 1400+ contacts as mostly buyers flood into to grab some upside prior to earnings.
- 30-day implied volatility is 93%.??
- 10-day implied volatility is 44%.?
- 30 day implied volatility is trading above the 10 realized volatility.
Quiksilver, Inc. is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
Calls Trade In JAKK ? Buying Through The Offer
Shares of JAKKS Pacific, Inc (JAKK) are up .11 to 7.03 today.? JAKK is near the middle of the 52 week range.
Today paper traded 147 JAKK Mar 7.5 calls for 1.10.?
- The ADV is 723 contracts.?
- The OI is 2698 contacts.
Volume went up in 1 block through the posted offer.? Subsequent volume traded over 700 contracts as buyers kept up the pressure. IV is up 2.3 points as traders are buying calls looking for upside.? There is high open interest but it is doubtful a cover writer would be in a hurry to pay up to close.? Check the OI to see if this is additive tomorrow.
- 30-day implied volatility is 62%.??
- 10-day implied volatility is 28%.?
- 30 day implied volatility is trading above the 10 realized volatility
JAKKS Pacific, Inc. (JAKKS) is a multi-line, multi-brand toy company that designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. JAKKS? products include traditional toys and electronics, and role play, novelty and seasonal toys.
Calls Trade In GLW
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Shares of Corning Inc. (GLW) are up .38 to 21.38 today.? GLW is near the upper end of the 52 week range.
Today paper traded 17649 GLW Oct 22 calls for .22.?
- The ADV is 8868 contracts.?
- The OI is 442 contracts.
Most of the volume went up in two large blocks including one on the PHLX. Implied volatility has jumped one point in GLW in the wake of the trade.
These calls are most likely in the earning cycle and would be consistent with a buywrite if not for the jump in IV.? The calls are marking .33 making the buyer look very smart.
- 30-day implied volatility is 19%.??
- 10-day implied volatility is 12%.?
- 30 day implied volatility is trading above the 10 realized volatility
Corning Incorporated (Corning), is a global, technology-based corporation. The Company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. During the year ended December 31, 2011, Corning launched Corning Lotus Glass, an environmentally friendly, display glass developed to enable technologies, including organic light-emitting diode (OLED) displays and next generation liquid crystal displays (LCD).