10000 P Jan 2016 18/27 calls spreads went up 2 large blocks on the ISE
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Shares of Pandora Media Inc. (P) are down .08 to 17.56 today. ?P is near the lower end of the 52 week range.
Paper traded 10000 P Jan 2016 18/27 calls spreads for 2.28 today. ?The ADV is 14k contracts.? The OI is 14728 and 3427 strike.
The volume went up 2 large blocks on the ISE marked spread. ??Implied volatility is down in Jan so this trade is most likely a close of the Jan 18s and roll up to the Jan 27s.? Probably a buy writer looking for more time and upside and needed to roll.
IV 30 is trading 63%.? HV10 is trading for 44%.? IV 30 is trading above the HV 10.
Pandora Media, Inc. (Pandora) is a provider of Internet radio services. The Company offers personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices.