On the day 4,200 KATE July 18 & over 6,000 of the March 19 calls have been purchased w/ about 4,000 of them tied to stock.
Kate Spade & Co., trading 18.40 (up 70) with an IV30 of 72 and an HV10 of 63, has earnings on March 1.? The stock, with ADV of 1,000 and open interest of 14,000 contracts, is seeing aggressive call buying today.? Customers have bought thousands of the July 18 calls paying from 2.65 to a large print of options around 2.75.? Additionally, there was a large March 19 call purchases that was put up tied to stock and done outright.? On the day 4200 of the July 18 calls have been bought and a total of the over 6,000 of the Marc 19 calls have been bought with about 4,000 of them tied to stock.
This appears to be opening paper that is looking for the maker of purses and jewelry to see an uptick in sales for the previous quarter.? Traders are guessing the stock is going to move up and do so rather quickly.
Trade should be considered aggressively bullish KATE and bullish vol