10000 KORS Jan20 50/52.5 calls spreads went up in 2 blocks on the PHLX. ?
Shares of Michael Kors Holdings (KORS) are down 1.35 to 42.86 today.? KORS is near the middle of the 52-week range.
- Paper traded 10000 KORS Jan20 50/52.5 calls spreads for .20. ?
- ?ADV is 7528contracts.?
- The OI is 8005 and 19660 contracts.
The volume went up in 2 blocks on the PHLX. ?The trader appears to be rolling down from the 52.5 strike with a .05 bid still on the strike.? These calls are very far OTM calls and most likely the traders are looking for a strike closer to the money to take advantage of a bounce in KORS shares.
- IV 30 is trading 34%.?
- HV10 is trading for 29%.?
- IV 30 is above the HV 10.
Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos.