Post by Deleted on Oct 12, 2017 20:15:11 GMT
Calls 3327 and puts 1246. 43% of calls traded at bid or below, indicating selling. Puts were 87% at ask or above, indicating buying. Volume for both above the 5 day average, but that average is down from slow trading the past week.
By far the volume standout on the call side is the Jan 2018 expiration with about 1700 traded. Most of these are the $8 call with 1275 traded. That same put, Jan 2018, $8, traded 1000; so my guess is that one trader may have done both 1000 calls and puts. And my further guess is that he bought the puts (87% at the ask) and sold the calls. So he financed some of his put purchase by selling calls. In fact, he could have sold all 1275 calls to buy the puts, and still would have had to pay out of his pocket.
Not a bullish day ... somewhat bearish in fact. Not overwhelmingly so, since volume was not large.
By far the volume standout on the call side is the Jan 2018 expiration with about 1700 traded. Most of these are the $8 call with 1275 traded. That same put, Jan 2018, $8, traded 1000; so my guess is that one trader may have done both 1000 calls and puts. And my further guess is that he bought the puts (87% at the ask) and sold the calls. So he financed some of his put purchase by selling calls. In fact, he could have sold all 1275 calls to buy the puts, and still would have had to pay out of his pocket.
Not a bullish day ... somewhat bearish in fact. Not overwhelmingly so, since volume was not large.
