Over 9k AUQ Mar 5 calls?went up in 2 blocks with paper looking buy.

Calls trade in AUQ- possible upside call buyers???????????????

AUQ???

Shares of AuRico Gold Inc. (AUQ) are down .01 to 3.95 today.? AUQ is near the middle of the 52 week range.

Paper traded 9650 AUQ Mar 5 calls for .15-.20. ?

  • The ADV is 473 contracts.
  • The OI is 1546 contracts.

The volume went up in 2 blocks.? Trading on the strike is mostly these calls with paper looking buy.? The IV is up 6 points and these look like pure upside spec.? There is not enough yield on them for a buy write.

  • IV 30 is trading for 62.
  • HV10 is trading for 83.
  • IV 30 is trading under the HV 10.

AuRico Gold Inc. is a Canada-based gold producer with mines and projects in North America. The Company and its subsidiaries are engaged in the mining, development, exploration, and acquisition of resource properties. Its core operations include the Young-Davidson gold mine in northern Ontario and the El Chanate mine in Sonora State, Mexico. Its project pipeline also includes advanced development opportunities in Mexico and British Columbia.

 

Call roll in CNSI- call buyer trying again

CNSI

Shares of Comverse Inc. (CNSI) are up .21 to 20.48 today. ?CNSI is on the 52 week lows.

Paper traded 3525/2354 CNSI Nov/Dec 20 call spread for .91.

  • The ADV is 196.
  • The OI is 3529 and 0 contracts.

The volume went up in 2 large blocks.? There was all kinds of out of sequence trading going on until the prices finally settled.? The trade is rolling out for less volume which usually means the initial buy did not work but they are trying to stay in.? CNSI is near the 52 lows and the trader is looking for a bounce.

  • IV 30 is trading for 40%.
  • HV10 is trading for 32%.
  • IV 30 is trading over the HV 10.

Comverse, Inc. (CNS) is a global provider of telecom business solutions. The Company enables the creation and monetization of digital services for telecom and enterprise service providers through its proven and product portfolio that includes managed BSS and Policy (PCRF), Enterprise Billing and Digital Services-all backed by Managed and Professional Services. It?s customer base spans more than 125 countries with solutions delivered to over 450 communication service providers serving more than two billion subscribers. Its solutions are available in a variety of delivery models, including on-site, cloud, hosted/ Software as a service (SaaS) and managed services.

 

Puts roll into FENG- not quite wheel trade

FENG

Shares of Phoenix New Media ltd. ADR (FENG) are down .05 to 9.03. ??FENG is trading near the lower end of the 52 week range.

Paper traded 5043 FENG Nov/Dec 10 puts for .06.?

  • The ADV is 281. ?
  • The OI is 5206 and 36 contracts.

The volume went up in 2 large blocks.? The trades went up as a spread with paper closing Nov and rolling into Dec.? The trader wants to hold the net short put and look for a rally in FENG.

  • IV 30 is trading for 41%.
  • HV10 is trading for 25%.
  • IV 30 is trading under the HV 10.

Phoenix New Media Limited (PNM) is a new media company providing content on an integrated platform across Internet, mobile and television (TV) channels in China. PNM enables consumers to access professional news and other content and share user-generated content (UGC), on the Internet and through their mobile devices.