Today in unusual options trading activity: Standing buyer filled in TSEM, big roll in CONN, and a newsletter frenzy in CHS.
Calls trade in TSEM- Looks like a standing buyer gets filled
Shares of Tower Semiconductor LTD (TSEM) is up .44 to 11.47.? TSEM is near the top of the 52 week range.
Today paper traded 750 TSEM Apr 12.5 calls for 1.05 . ?
- ADV is 700 contracts. ?
- OI is 134.
Volume went up in one large block.? Total volume is just shy of 1300 contracts with IV up 2 points in Apr.? The block traded mid-market with a 1.05 bid posted that was eventually filled.? Opening paper is looking for some upside with this buy.
- 30-day implied volatility is 50%. ??
- 10-day implied volatility is 37%. ?
- 30-day implied volatility is trading above the 10-day realized volatility.
Tower Semiconductor Ltd (Tower) is an independent specialty foundry dedicated to the manufacture of semiconductors.
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Calls trade in CONN- looks like a big roll
Shares of Conn?s Inc (CONN) are down .69 to 44.94 today. ? CONN is near the lower end of the 52 week range.
Today paper traded CONN Oct 40 and 45 calls for 6.90 and 4.20 13250x and 10000x. ?
- ADV is 2640 contracts. ?
- OI is 13722 and 1614 contracts.
Volume went up in 2 giant blocks.? This does look like a big roll since the paper went up on the same floor at the same time.? The buyer looks like profit taking on the 40s and it rolling the long up the 45s to catch earnings.
- 30-day implied volatility is 66%. ??
- 10-day implied volatility is 38%. ?
- 30-day implied volatility is trading above the 10-day realized volatility
Conn?s, Inc. is a holding company. The Company is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers? purchases of the products that it offer.
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Calls flying off the rack in CHS- Newsletter frenzy?
Shares of Chico?s FAS (CHS) is up .61 to 15.90 today.? CHS is near the middle of the 52 week range.
Today paper traded 6566 CHS Oct 17 calls for .30.?
- ADV is 2160 contracts. ?
- OI is 167 contracts.
Volume went up in one large block.? Total volume exploded to 15000+ contracts as buyer paid up to .55 on small blocks.? This kind of buying is usually associated with Newsletter recommendations.? IV is up 10 points in Oct
- 30-day implied volatility is 38%. ??
- 10-day implied volatility is 31%. ?
- 30-day implied volatility is trading above the 10-day realized volatility
Chico?s FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico?s, White House / Black Market (WH/BM) and Soma Intimates (Soma) brand names.