State Street (STT) is up $1 to $31.53 and options volume is running at 2X the average daily. 32,000 puts and 17,000 calls traded so far. May 28 puts are the most actives. The 10K traded includes a block of 5000 contracts for $3.90 at 10:35 a.m. on the ISE, where sentiment data indicate an opening customer put buy. A lot of the remaining volume appears to be a mix of buyers and seller. Implied vols down -2, but remains elevated at 114.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.