United Micro (UMC) Sees Massive Volume in October Option Contracts
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United Microelectronics (NYSE: UMC) shares are higher Wednesday amid unusual activity in its options.
According to market data, 20,000 of UMC Oct 12 calls at the 2.5 strike clicked through today. The calls moved through at $0.30 while corresponding puts were completed at $0.15.
Its not clear what the buyer is hoping for. Volatility for the contracts is about 43.7 percent versus current volatility of 115 percent on the stock.
According to market data, 20,000 of UMC Oct 12 calls at the 2.5 strike clicked through today. The calls moved through at $0.30 while corresponding puts were completed at $0.15.
Its not clear what the buyer is hoping for. Volatility for the contracts is about 43.7 percent versus current volatility of 115 percent on the stock.
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