The Options Insider

EGO Calls Roll

by | Apr 17, 2015 | Unusual Activity

5000 EGO Apr/May 4.5 calls went up in 2 large blocks on the ISE.

Calls trade in HRTX- possible call spread buyers

?HRTX

Shares of Heron Therapeutics Inc. (HRTX) are down .83 to 13.40 today. ??HRTX is near the upper end of the 52 week range.

  • Paper traded 8000 HRTX Jun 15/22.5 calls spreads for 2.25 today.
  • The ADV is 504 contracts.
  • The OI is 39 contracts.

The volume went up in two blocks marked spread on the PHLX.? This looks like a long call spread as priced.? The trader is paying up for the 15s and near hitting the bid on the 22.5s.? IV 30 is up 12.86 points today on the pullback.

  • IV 30 is trading for 145%.
  • HV10 is trading for 23%.
  • IV 30 is trading above the HV 10.

Heron Therapeutics, Inc. is a biotechnology company. The Company is using its proprietary technology to develop products to address unmet medical needs. Its Biochronomer polymer-based drug delivery platform is designed to improve the therapeutic profile of injectable pharmaceuticals by extending the duration of action of known active ingredients.

 

Puts trade in RUSL-

?RUSL

Shares of the Direxion Daily Russia 3x (RUSL) are down 8.88 to 27.70 today. ??RUSL is near the middle of the 52 week range.

  • Paper traded 366 RUSL Apr 27 puts for .50.
  • The ADV is 1596 contracts.
  • The OI is 130 contracts.

The volume went up in one block on the CBOE.? The trade is an aggressive short hoping for a home run on expiration day.? The trader needs RUSL to another few pct. points for these puts to pay.

UA last profiled RUSL on Dec 18th with a very timely call buy.

  • IV 30 is trading for 113%.
  • HV10 is trading for 109%.
  • IV 30 is trading above the HV 10.

The Direxion Daily Russia Bull?& Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) performance of the Market Vectors Russia Index.? There is no guarantee that these funds will achieve their stated investment objectives.

 

Calls trade in EGO- Calls roll

?EGO

Shares of Eldorado Gold Corp (EGO) are down .09 to 4.93 today. ?EGO is near the lower end of the 52 week range.

  • Paper traded 5000 EGO Apr/May 4.5 calls for .15.
  • The ADV is 3949 contracts. ?
  • The OI is 10638 and 517 contracts.

The volume went up in 2 large blocks on the ISE.? These trades where not marked spread but went up using Auto Ex. Like a spread.? The customer is probably rolling an Apr long to a May long so is still bullish with EGO at lower levels.

  • IV 30 is trading for 54%.
  • HV10 is trading for 52%.
  • IV 30 is above the HV 10.

Eldorado Gold Corporation (Eldorado Gold) is an exploration-stage, a discovery-stage, a development-stage, a production-stage and a reclamation-stage mining company. Its primary focus is on gold, iron ore and silver-lead-zinc mines.