Post by Deleted on Sept 20, 2017 15:23:24 GMT
Some interesting activity so early in the day: calls 3835, puts 3569. TOS says call sizzle at 3.8 and put at 7.9. But almost all trades are between bid and ask, 91% calls and 99% puts.
Much of the volume is a pair trade, 1330 calls and puts Mar 18 $10 strike. That is roughly 1/3 of the total volume of each. But an even larger pair trade, 2150 contracts both puts and calls are the Jan 2018 $10 strikes. That trade is more than 1/2 the volume of each.
I'm not sure what the trader's objective is for these pair trades, and since they are between the bid and ask its difficult to know if its a buyer or a seller. Does anyone on the board have an idea what the trader is up to?
Much of the volume is a pair trade, 1330 calls and puts Mar 18 $10 strike. That is roughly 1/3 of the total volume of each. But an even larger pair trade, 2150 contracts both puts and calls are the Jan 2018 $10 strikes. That trade is more than 1/2 the volume of each.
I'm not sure what the trader's objective is for these pair trades, and since they are between the bid and ask its difficult to know if its a buyer or a seller. Does anyone on the board have an idea what the trader is up to?