What funky paper caught our eye today?
Call Frenzy in XLU
- Paper traded?53290 XLU Sep 57.0 calls for $0.049
- Total of over 81k trade on the day -?on or near the offer
- OI is negligible
Funky Puts/Strangle Trade in PSEC
- Looks like paper sold the puts & the strangle – which is interesting
- 10000 PSEC Jan 8.0 calls trade $0.07
- 5000 PSEC Jan 7.0 puts trade $0.42
- 5000 PSEC Nov 7.0 puts trade $0.21
- OI is negligible on most strikes except?Jan 7?puts
Rolling Winning Puts in EPI?
- Today paper traded 7500 Aug 26 puts for $.05
- That was followed up with 12500 Sep 26 puts trading near the offer for prices ranging from $.40-$.45
- Looks like paper is rolling a winning long put position from August to September -?and nearly doubling their size at the same time.