2490 MW Mar 43/48 put spreads went up over the Apr 50 calls in 3 large blocks marked spread on the CBOE.?
Call spreads go up in MW- aggressive play into earnings
Shares of Men?s Warehouse Inc. (MW) are up .03 to 48.66 today.? MW is near the middle of the 52 week range.
Paper traded 2490 MW Mar 43/48 put spreads over the Apr 50 calls for .70.
- The ADV is 1452 contracts.
- The open interest is less than 200 contracts in the Mar puts and 5127 in the Apr 49 calls.
The volume went up in 3 large blocks marked spread on the CBOE.? MW is on a run recently coming from the low 40s in early January.? The trade is looking open on the put spread (to sell) with a possible upside long call for a runner after earnings.? This is a fairly bullish play going into earnings.
- IV 30 is trading for 37%.
- HV10 is trading for 22%.
- IV 30 is trading above the HV 10.
The Men’s Warehouse, Inc. is a specialty retailer of men’s suits and a provider of tuxedo rental product in the United States and Canada. It operates in two segments: retail and corporate apparel. As of February 2, 2013, the Company operated 1,143 retail stores, with 1,023 stores in the United States and 120 stores in Canada. Its United States retail stores are operated under the brand names of Men’s Warehouse (638 stores), Men’s Warehouse and Tux (288 stores) and K&G (97 stores) in 50 states and the District of Columbia.
Call rolls in PPL- rolling down but out on the ratio call spreads
Shares of PPL Corp. (PPL) are up .05 to 33.46 today.? PPL is near the middle of the 52 week range.
Paper traded 33177 by 16810 PPL Apr 37 / Jul 35 spreads for .15 and .42.5.?
- The ADV is 1965 contracts.
- The OI is 38373 in Apr and 501 in Jul.
The volume went up in 3 blocks marked spread.? PPL has pulled way back from recent highs and a buy writer is resetting the short strike to a lower level.? Subsequent volume is more of the same on these strikes as addition spreads were filled.? Moving the short strike lower means the trader is looking for less of a move up and it going for more short premium.
- IV 30 is trading for 18%.
- HV10 is trading for 23%.
- IV 30 is trading below the HV 10.
PPL Corporation (PPL) is an energy and utility holding company. The Company delivers electricity and natural gas to the customers. The Company generates electricity from power plants in the northeastern, northwestern and southeastern United States.
Puts trade in OREX- grabbing the last of the premiums
Shares of the Orexigen Therapeutics, Inc. (OREX) are up 2.31 to 8.98 today. ?OREX is making a 52 week high.
Paper traded 1150 OREX Apr 5 puts at .20. ?
- The ADV is 2211 contracts.
- The OI is 9216 contracts.
The volume went up in 1 block on BATS.? OREX is making 1 year highs on possibly good news today.? IV is up huge across the board as the market looks surprised by the move.? The Apr 5 put seller is calling these options dead as they are 0.0 bid now.? The big jump in vol. suggests more movement to come.
- IV 30 is trading for 101%.
- HV10 is trading for 39%.
- IV 30 is trading over the HV 10.
Orexigen Therapeutics, Inc. (Orexigen) is a biopharmaceutical company focused on the development and commercialization of a pharmaceutical product and the development of a product candidate for the treatment of obesity. Its combination product candidates for obesity are ND32 (formerly Contrave), which has completed Phase III clinical trials and is being studied in a cardiovascular outcomes trial, and Empatic, which has completed Phase II clinical trials.