AIG option volume 13x normal as implied volatility lifts. Shares of the insurer little changed near $72.88 with several large trades trading early in the day, including a sale of 8100 Jan 62.5 puts for 2.65 against a buy of 6000 Jun25 65 puts for 4.53 as shares traded near 72.68. both opening. Minutes later buyer(s) swept nearly 9k April 80 calls, paying 40c as shares traded a few cents higher, also opening. Suggests a view of further upside from current levels which are near 5yr high.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AIG: