69910/57000/4090 ZNGA Jan 2016 3/2.5 calls/2.5 puts went up in 3 large blocks marked spread.
Risk Reversal goes up in ZNGA- possible call spread with puts
Shares of Zynga Inc. (ZNGA) are even today at 2.33.? ZNGA is at the lower end of the 52 week range.
Paper traded 69910/57000/4090 ZNGA Jan 2016 3/2.5 calls/2.5 puts for a .26/.42/.52 today.?
- The ADV is 14000 contracts.
- The open interest is 80044/16580 and 77697 contracts.
The volume went up in 3 large blocks marked spread.? ZNGA is trading near year lows with the trader rolling the 3 calls down to the 2.5s for less size.? It also appears they are reducing the put position, possibly buying back a portion of the short interest.? The trade looks like an adjustment of a previous position but taking some risk off.
- IV 30 is trading for 54%.
- HV10 is trading for 92%.
- IV 30 is trading below the HV 10.
Zynga Inc. (Zynga) is a provider of social game services. The Company develops, markets and operates social games as live services played over the internet, social networking sites and mobile platforms. The Company’s games are accessible on Facebook and other social networks, mobile platforms and Zynga.com. According to AppData, as of December 31, 2013, the Company had five of the top 10 games on Facebook based on DAUs.
Call buyers in PVA- early call buyers in here
Shares of Penn Virginia Corp (PVA) are up .85 to 7.05 today.? PVA is near the lower end of the 52 week range.
Paper traded 999 PVA Apr 8 calls for .65.?
- The ADV is 5514 contracts.
- The OI is 0 contracts.
The volume went up in 1 block.? Paper paid .65 for 3000+ Apr 8 calls before a seller came in to fill the bid.? The blocks are opening with bullish paper on other strikes and IV raised in the near term.
- IV 30 is trading for 101%.
- HV10 is trading for 71%.
- IV 30 is trading above the HV 10.
Penn Virginia Corporation (Penn Virginia) is an independent oil and gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas liquids (NGL) and natural gas in onshore regions of the United States.
Call spreads trade in HYG- size ratio diagonal spreads trading
Shares of Ishares iBoxx High Yield Bond ETF (HYG) are up .05 to 91.92 today. HYG is near the top of the 52 week range.
Paper traded 10000/20000 HYG Mar 89/Jun 93 call ratio spread for 2.90/.60. ?
- The ADV is 31944contracts. ?
- The OI is 9022 and 24236 contracts.
The volume went up in 2 blocks marked spread on the PHLX.? HYG is near 1 year highs and this customer could be rolling the Junes closer to the money in an aggressive short play.? If the trade is open/open they are looking for a drift down to the 89 strike in the very near term.? Check the OI on the Jun?s tomorrow to see if this is an aggressive roll forward.
- IV 30 is trading for 6.8%.
- HV10 is trading for 3.5%.
- IV 30 is trading over the HV 10.
iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.