3500 SYY Sep 38 calls went up in 1 block on the PHLX marked buy write. ??
Calls trade in SYY- calls versus stock trades
Shares of SYSCO Corp (SYS) are down .12 to 38.51 today. ?SYY is near the middle of the 52 week range.
- Paper traded 3500 SYY Sep 38 calls for 1.45.
- The ADV is 4821 contracts.
- The OI is 37810 contracts.
The volume went up in 1 block on the PHLX marked buy write. ??Total volume is over 5000 contracts on the strike where the IV is up 2 points today.?? A block of 100000 shares went up for 34.40 so the trader is selling calls on an aggressive short ratio.? The trader things SYY does not have a lot in the range until Sep.
- IV 30 is trading for 26%.
- HV10 is trading for 16%.
- IV 30 is trading above the HV 10.
Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers