The Options Insider

Mass put buyers in HUN: Looking like bad earnings

by | Jan 27, 2015 | Unusual Activity

1923 HUN Feb 21 puts traded in one block & volume 21 puts is over 17700 and rising with IV up 7 points in Feb.

Puts trade in RIG ? size put spreads

unusual options activity, RIG

Shares of the Transocean LTD (RIG) are up .33 to 16.81 today. ??RIG is near the bottom of the 52 week range.

Paper traded 3446 RIG Mar 11/15 put spread for 1.05 today.?

  • The ADV is 45k contracts.
  • The OI is less than 500 contracts.

The volume went up in 2 blocks.? Volume on the strike is trading though the offer on the Mar 15 puts.? Overall the spreads are going up in size blocks on multiple exchanges over 21000x.? The trade looks bearish through the earnings cycle on Feb 25ths.? The trades look very bearish on the outset.

  • IV 30 is trading for 67%.
  • HV10 is trading for 48%.
  • IV 30 is trading at the HV 10.

Transocean Ltd. (Transocean) is an international provider of offshore contract drilling services for oil and gas wells. The Company operates in two segments: contract drilling services and drilling management services.

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Calls trade in KORS

KORS

Shares of Michael Kors Holdings Ltd (KORS) are up .20 to 70.08 today. KORS is near the lower end of the 52 week range.

Paper traded 1000 KORS May 80 calls for 1.95-2.00 today. ??

  • The ADV is 19981 contracts.
  • The OI is 4528 contracts.

The volume went up in 2 blocks on split prices.? This trade is either an opening long call buyer or a short cover near the lows for KORS.? KORS is bouncing out of some near term lows and the trader could be taking profits on a call sale from higher levels.? Check the OI for a look on which way.? Steady call buying in most strikes with the IV up today. Earnings are on Feb 5th.

  • IV 30 is trading for 45%.
  • HV10 is trading for 22%.
  • IV 30 is trading above the HV 10.

Michael Kors Holdings Limited is a global lifestyle brand. The Company designs, materials and craftsmanship with a jet-set aesthetic that combines stylish elegance and a sporty attitude. The Company is an American sportswear house to a global accessories, footwear and apparel company with a presence in over 85 countries. Its segments include retail, wholesale and licensing.

 

Mass put buyers in HUN- looking like bad HUN earnings

HUN

Shares of Huntsman Corp. (HUN) are down .51 to 21.86 today.? HUN is near the lower end of the 52 week range.

Paper traded 1923 HUN Feb 21 puts for .65.?

  • The ADV is 10255 contracts. ?
  • The OI is 1184 contracts.

The volume went up in 1 block.? Subsequent volume went up in large blocks on all floors buying both the 21 and 22 puts.? Volume on the 21 puts is 17700 and rising with IV up 7 points in Feb.

  • IV 30 is trading for 49%.
  • HV10 is trading for 52%.
  • IV 30 is trading under the HV 10.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates its businesses through Huntsman International LLC (Huntsman International). The Company?s products consists a range of chemicals and formulations, which it markets globally to a range of consumer and industrial customers.