Big Call Spreads Trade In BLDR

19800/13000 BLDR MAY 16/12 call spreads went up in 2 blocks on the ARCA. 


Shares of Builders FirstSource, Inc (BLDR) are up .46 to 11.25. BLDR is near the middle of the 52 week range.

  • Paper traded 19800/13000 BLDR MAY 16/12 call spreads for .30 and .80  
  • The ADV is 236 contracts. 
  • The open interest is 31798 and 23096 contracts.

The volume went up in 2 blocks on the ARCA. This spread appears to be a closing trade on a little upside pop in BLDR. There is substantial open interest on the trade in a very lightly traded name. From the opening prices it appears the investor is getting out for a scratch if they indeed bought the slight ratio spread first.

  • IV 30 is trading for 44%. 
  • HV10 is trading for 29%. 
  • IV 30 is above the HV 10.

Builders FirstSource, Inc. is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers.

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