The Options Insider

Upside Call Spread Buyer In QIHU

by | Mar 30, 2015 | Unusual Activity

Today we see an upside call spread buyer in QIHU, put rolling in KO and both puts and calls trading in ALTR.

 

Calls Trade In QIHU – Upside Call Spread Buyer

QIHUShares of Qihoo 360 Technology Co. (QIHU) are down 1.47 to 50.62 today. QIHU is near the middle of the 52 week range.

  • Paper traded 10000 QIHU Jun 60/70 for 1.47.
  • The ADV is 8006 contracts.
  • The OI is 1283 and 3402 contracts.

The volume went up in two blocks on ARCA. This spread traded nearer the offer on the more ITM call so the trade looks bullish on the outset. The trader is looking for an upside pop in QIHU. No stock went up against this print of calls.

  • IV 30 is trading for 46%.
  • HV10 is trading for 31%.
  • IV 30 is trading above the HV 10.

Qihoo 360 Technology Co. Ltd., is an internet company in China. The Company is engaged in the operations of internet services and sales of third party anti-virus software in the People’s Republic of China.

 

Puts Trade In KO – Put Rolling Looking For More

KO

Shares of The Coca-Cola Co. (KO) are up .33 to 40.41. KO is near the middle of the 52 week range.

  • Paper traded 25922 and 25419 KO Apr/Jun 36 put spreads at .20.
  • The ADV is 42948 contracts.
  • The OI is 26747 and 60 contracts.

The volume went up two massive blocks on the PHLX. KO is stuck in the middle of the range and this put seller is committed to buying KO at the low end of the range. The put yield on KO is less than half of 1% until Jun.

  • IV 30 is trading for 19%.
  • HV10 is trading for 13%.
  • IV 30 is above the HV 10.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands, which includes Coca-Cola, Diet Coke, Fanta and Sprite.

 

Puts And Calls Trade In ALTR – Ratio Collars Versus Stock Go Up

ALTR

Shares of Altera Corp (ALTR) are down 2.13 to 42.27 today. ALTR is near the top of 52 week range.

  • Paper traded 2000 ALTR Apr 40 puts and Apr 47 calls for .80.
  • The ADV is 3406 contracts.
  • The OI is 2396 and 0.

The volume went up in 2 blocks marked buywrite on the PHLX. ALTR is a possible takeover target with the shares jumping on Friday. Stock went up 100000 shares for 42.55 within 1 min of this trade. This trader is looking at a protected collar and an upside deal stop for $47 by Apr expiration. The trade is on a ratio so they don?t want a move to over $50.

  • IV 30 is trading for 52%.
  • HV10 is trading for 128%.
  • IV 30 is below the HV 10.

Altera Corporation is a semiconductor company. The Company designs and sells high-performance, high-density programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks known as intellectual property (IP) cores, and associated development tools.

?