The Options Insider

CSTM OTM Calls Catch a Bid

by | Jun 29, 2015 | Unusual Activity

3000 CSTM Aug 14 calls went up in 1 block on the AMEX on a price variation tag. ??

Calls trade in CSTM- OTM calls catch a bid

CSTM

Shares of Constellium NV (CSTM) are down .14 to 12.10 today.? ?CSTM is near the lower end of the 52 week range.

  • Paper traded 3000 CSTM Aug 14 calls for .20.
  • The ADV is 405 contracts.
  • The OI is 211.

The volume went up in 1 block on the AMEX on a price variation tag. ??Total volume is over 6000 contracts as buying jump in Jul and Nov too.? No stock of size traded anywhere near the delta of these call purchases.? Trade is looking bullish with IV up.

  • IV 30 is trading for 43%.
  • HV10 is trading for 31%.
  • IV 30 is trading above the HV 10.

Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace, automotive and packaging.

 

?Calls trade in EDU- ratio call spreads trade??????????????????????

EDU

Shares of New Oriental Education and Tech. (EDU) are down .89 to 23.74 today. ?EDU is near the middle of the 52 week range.

  • Paper traded 4749/9498 EDU Oct 25/28 call spread for .25.
  • The ADV is 1166 contracts.
  • The OI is 587 and 30 contracts.

The volume went up in 2 large blocks on ARCA marked spread. ??This trade as priced is a small dollar upside ratio spread where the trader thinks EDU can get to the $28 range.? A slow move up would be best for this spread.

  • IV 30 is trading 48%.
  • HV10 is trading for 28%.
  • IV 30 is trading above the HV 10.

New Oriental Education & Technology Group Inc. is a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.

 

Calls trade in VIXY- call block goes up

VIXY

Shares of Proshares VIX Short Term Futures ETN (VIXY) are up 1.08 to 12.63.? VIXY is near the bottom of the 52 week range.

  • Paper traded 700 VIXY Aug 14 call for .70. ?
  • The ADV is 563 contracts.
  • The OI is 436 contracts.

The volume went up in one block on the ISE Gemini.? This trader is betting there is more volatility to come in VIXY as they buy calls for the short end of the VIX futures curve.? IV is up 15 points in VIXY today.

  • IV 30 is trading for 68%.
  • HV10 is trading for 42%.
  • IV 30 is below the HV 10.

ProShares VIX Short Term Futures ETF seeks investment results, before fees and expenses that match the performance of the S&P 500 VIX Short Term Futures Index.