Shares of Eagle Rock Energy Partners LP (EROC) are down .81 to 4.03 today. ?EROC is making a 52 week low today.
Today paper traded 3000 EROC Jul 2.5 puts and Jul 5 calls for .15 to .25 for both options. The ADV is 2194 contracts. The OI is 18 on the puts and 1900 on the calls.
The paper went up some large and scattered small blocks.? Calls traded in blocks and the puts traded in more scattered size lifting offers from all exchanges. The buyers are looking for a big move on the order that have upset some of the other energy MLP?s lately.
30-day implied volatility is 60%.? ?10-day implied volatility is 17%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Eagle Rock Energy Partners, L.P. (Eagle Rock) is a limited partnership engaged in the business of gathering, compressing, treating, processing and transporting natural gas; fractionating and transporting natural gas liquids (NGLs); crude oil logistics and marketing; natural gas marketing and trading, known as Midstream Business, and developing and producing interests in oil and natural gas properties, known as Upstream Business.