4000 WLH Aug18 25 calls over Nov17 30 calls went up in 2 blocks on the PHLX marked spread
Shares of William Lyon Homes (WLH) are down.07 to 22.90. ?WLH is near the upper end of the 52 week range.
- Paper traded 4000 WLH Aug18 25 calls over Nov17 30 calls for .40.?
- The ADV is 79 contracts.?
- The OI is 4030 in Aug and 0 4 in Sep.
The volume went up in 2 blocks on the PHLX marked spread.? ?The Aug calls were part of a collar when WLH was $16.? Now with the stock up significantly the trader wants to roll up the calls to reduce the risk of the stock getting called away.? If there was no long stock, this trade is down significant dollars.
- IV 30 is trading 30% ?
- HV10 is trading for 36%.?
- IV 30 is trading below the HV 10.
William Lyon Homes is a regional homebuilder