The Options Insider

YUM Calls Roll Closer to the Money

by | Oct 7, 2016 | Unusual Activity

9018 YUM Nov 92.5/97.5 call spreads traded for .73

YUM

Shares of Yum! Brands, Inc. (YUM) are up .34 to 87.78 today. YUM is near the middle of the 52 week range.

  • Paper traded 9018 YUM Nov 92.5/97.5 call spreads for .73.?
  • The ADV is 9879 contracts.?
  • The OI is 364 on the 92.5s and 10422 on the 97.5s.

The volume went up on the PHLX marked spread.? This trade as priced looks closing the 97.5s on a sale and buying the 92.5s looking for a bounce back up.? YUM had a rough earnings announcement so the trader is looking for more upside and is rolling closer to the money.

  • IV 30 is trading 26%.?
  • HV10 is trading for 14%.?
  • IV 30 is above the HV 10.

YUM! Brands, Inc. (YUM) is engaged in restaurant business.