4000/8000 MNK Aug 69/73 calls went up in 2 blocks on the ARCA marked spread.?

MNK

Shares of Mallinckrodt PLC (MNK) are down .01 to 66.80 today. ??MNK is near the lower end of the 52 week range.

  • Paper traded 4000/8000 MNK Aug 69/73 calls for 2.52 and 1.00.?
  • The ADV is 1765 per day.?
  • The OI is 0 contracts.

The volume went up in 2 blocks on the ARCA marked spread.? The trade as priced seems to look for a nice move up after earnings on Aug 02.? If MNK closes near 73 the trade is a homerun.? Risk in the trade appears above $76.

  • IV 30 is trading 48%.?
  • HV10 is trading for 40%.?
  • IV 30 is trading above the HV 10.

Mallinckrodt public limited company (Mallinckrodt) is engaged in the specialty pharmaceuticals and nuclear imaging business. The Company develops, manufactures, markets and distributes specialty pharmaceutical and biopharmaceutical products, and nuclear imaging agents