20000/9000 LB Aug 40/45 puts went up in 2 blocks on the PHLX
Shares of L Brands Inc (LB) are down 1.96 to 43.84.? LB is making a 52 week low.
- Paper traded LB 20000/9000 LB Aug 40/45 puts for 2.35 and 4.50. ?
- ?The ADV is 5846 contracts.?
- The OI is 398 and 10956 contracts.
The volume went up in 2 blocks on the PHLX marked spread. This trade appears to be a roll down to the Aug 40s after a big win on the Aug 45s. This is a short delta trade that is consistent with rolling short down.? The jump in volume would indicate more speculative short deltas since they are increasing in size.
- IV 30 is trading 36% ?
- HV10 is trading for 23%.?
- IV 30 is trading above the HV 10.
L Brands, Inc. operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.