Paper traded 10000 VIPS Aug 13/17 call spreads and 10 puts for 1.2 over .95.?
Shares of ?VIPShop Holdings ltd (VIPS) are up .48 to 12.65.? VIPS is trading in the lower end of the 52 week range.
- Paper traded 10000 VIPS Aug 13/17 call spreads and 10 puts for 1.2 over .95.?
- VIPS trades 8728 contracts a day on average.?
- The OI is 4597 on the 13s and less than 100 on each of the other strikes.
The trade went up on the ARCA in 3 blocks.? All the pricing on the spread was mid-point or worse with 13 calls close to the offer price.? The trader could be buying the call time spreads and selling the put for a net debit of .25.? This would give them substantial upside gamma should VIPS rally.
- IV30 IS 52% and HV10 is 40%. ?
- The current realized volatility is trading at a premium to implied volatility.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China