5325/10650 GILD Jun16 67.5/60 put spread spreads went up in 2 blocks on the ARCA

Shares of GILD Sciences, Inc. (GILD) are down 7.10 to 66.03 today. GILD is near the bottom of the 52 week range.

• Paper traded 5325/10650 GILD Jun16 67.5/60 put spread spreads for 1.38.   
• The ADV is 45893 contracts. 
• The OI is 10697 on the 67.5s and 4540 on the 60s.

The volume went up in 2 blocks on the ARCA marked spread.This trade looks like a house money roll where the trader sold the 67.5 puts through the bid and doubled up on the 60 puts.It is either a hedge or a straight short play as GILD falls out of bed today.

• IV 30 is trading for 21%.  
• HV10 is trading for 15%. 
• IV 30 is trading below the HV 10.

Gilead Sciences, Inc. is a research-based biopharmaceutical company.