Volume went up in one large block, and subsequent SPLS volume was over 10,000 contracts with a sell-a-palooza on an ATM strike.?
Calls roll in BWP- giant call roll in BWP
Shares of Boardwalk Pipeline Partners LP (BWP) are down .13 to 18.60 today.? BWP is trading near the middle of the 52 week range.
Today paper traded 28000 BWP Sep 17.5 Mar 19 calls for .70.?
- The ADV is 3468 contracts.?
- The OI is 38k and 1741 contracts.
Volume went up in two massive blocks. ? The trade is an earlier roll from an open Sep 17.5 position so this customer wants to keep the long slide rolling.? There is 10k+ more contracts to roll.?
UA last profiled BWP on Apr 22 when the customer was rolling a Jun to Sep position higher.
- 30-day implied volatility is 34%.? ?
- 10-day implied volatility is 17%.?
- 30-day implied volatility is trading above the 10-day realized volatility.
Boardwalk Pipeline Partners, LP is a limited partnership company.
Puts trade in SPLS ? size margin trade in SPLS
Shares of Staples Inc. (SPLS) are unch at 13.02.? SPLS is in the middle of the 52 week range.
Today paper traded 1937 SPLS Sep 13 puts at .05.?
- The ADV is 7751 contracts.
- The OI is 873 contracts.
Volume went up in one large block, and subsequent SPLS volume was over 10,000 contracts with a sell-a-palooza on an ATM strike.? The seller clearly wants to own SPLS at the 12.95 level.? An example of a buyer using options to take a long position.
- 30-day implied volatility is 29%.? ?
- 10-day implied volatility is 27%.?
- 30-day implied volatility is trading above the 10-day realized volatility
Staples, Inc. (Staples) is an office products company. The Company operates in three business segments: North American Stores & Online, North American Commercial and International Operations.
Big flies trade in APC- size upside flies go up
Shares of Anadarko Petroleum Corp (APC) are down .01 to 106.99.? APC is near the upper end of the 52 week range.
Today paper traded 10k/20k/10k APC Jan 2015 120/140/160 for 2.30.?
- The ADV is 26k contracts.?
- The OI is 66k/1279/153 contracts.
Volume went up in 3 large blocks.? This is an upside directional butterfly for low relative dollars in APC.? A similar broken wing butterfly went up for 9.0 on the? APC Jan 2015 100/130/150 today too.? The trader does want higher levels for APC but is not in a big rush.
- 30-day implied volatility is 31%.? ?
- 10-day implied volatility is 22%.?
- 30 day implied volatility is trading above the 10-day realized volatility
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. As of December 31, 2011, the Company had over 2.5 billion barrels of oil equivalent (BOE) of proved reserves.