5800 LOW Jan20 72.5/77 and Jan 67.5 puts went up several blocks on the PHLX marked spread
Shares of Lowe?s Comp Inc (LOW) are up 1.31 to 72.31 today.? Low is near the middle of the 52 week range.
- Paper traded 5800 LOW Jan20 72.5/77 and Jan 67.5 puts for 1.63 and .78. ??
- ADV is 14k contracts.?
- The OI is 3000/4000 and 3000 contracts respectively.
The volume went up several blocks on the PHLX marked spread.? As priced the trader wants a cheap run up with the risk reversal.? The short put means they can take the stock or roll the put if they have too.
- IV 30 is trading 20%.?
- HV10 is trading for 20%.?
- IV 30 is at the HV 10.
Lowe’s Companies, Inc. (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space.