15000 XME Mar 29 puts went up in 1 block marked buy-write & went up with 540000 shares of stock. 

Puts trade in EXEL- potential profit taking in EXEL


Shares of Exelixis, Inc. (EXEL) are down .02 to 2.67.  EXEL is near the lower end of the 52 week range.

Paper traded 20000 EXEL Aug 2 puts for .50. 

  • The ADV is 2564 contracts.
  • The open interest is 20074 contracts.

The volume went up in 1 block. EXEL is recently off of its 1 year lows and paper looks like they are closing down a short put position.  The recent bounce looks like a good close but it does not appear that any size long positions are going up that are new.  There is some scattered paper buying May calls.

  • IV 30 is trading for 88%.
  • HV10 is trading for 63%.
  • IV 30 is trading below the HV 10.

Exelixis, Inc. (Exelixis) is a biotechnology company engaged in developing small molecule therapies for the treatment of cancer. The Company is focusing its resources and development efforts on cabozantinib (XL184). It also has a portfolio of other compounds.


Puts trade in XME- puts trade tied in XME


Shares of SPDR S&P Metals and Mining ETF (XME) are down .10 to 39.53.  XME is near the lower end of the 52 week range.

Paper traded 15000 XME Mar 29 puts at .59. 

  • The ADV is 4203 contracts.
  • The OI is 19707 contracts.

The volume went up in 1 block marked buy-write.  XME is near the bottom of the range and this put block went up with 540000 shares of stock.  The trader could be giving up on a back spread position or adding to an existing short gamma position due to the OI in the strike.  Either way the trader is looking for less movement.

  • IV 30 is trading for 26%.
  • HV10 is trading for 19%.
  • IV 30 is trading above the HV 10.

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index.


Call sellers in EWJ- long term sellers of calls


Shares of iShares MSCI Japan ETF (EWJ) are up .12 to 12.41 today. EWJ is making a 52 week high.

Paper traded 50000 EWJ Jan 2016 13 calls at .43.  

  • The ADV is 15249 contracts.  
  • The OI is 111k contracts.

The volume went up in 1 block marked buy write.  EWJ is making 1 year highs today and this trade looks like a partial buy write with 1.95 million shares going up.  It is very possible this is a back spread trade closing.  30000 contracts went up as well with similar stock size attached.  The trader could be unwinding a successful long term backspread or looking for delta neutral front over a very long term.  The OI will tell the story tomorrow.

  • IV 30 is trading for 15.21%.
  • HV10 is trading for 10.81%.
  • IV 30 is trading over the HV 10.

Shares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the MSCI Japan Index (the Index). The Index consists of stocks traded primarily on the Tokyo Stock Exchange.