Calls Trade In MPC- Looks Like A Backspread
Shares of Marathon Petroleum Corp (MPC) are trading 83.61 today.? MPC is in the middle of the 52 week range.
Today paper traded 5000 MPC Apr 90 calls for 3.9.? The ADV is 5329 contracts.? The OI is 1266 contracts.
Volume went up in 1 big block.? A block of stock went up with these calls marking buy write on 175000 shares.? The trader is looking for some big moves after the recent moves in volatility for MPC.? The trade is looking buy call and sell stock.
30-day implied volatility is 32%.?? 10-day implied volatility is 38%.? 30 day implied volatility is trading below the 10 day realized volatility
Marathon Petroleum Corporation (Marathon Petroleum) is engaged in refining, transporting and marketing petroleum products in the United States. The Company’s refining, marketing and transportation operations are concentrated in the Midwest, Gulf Coast and Southeast regions of the United States.
Put Spreads Trade In BKW – Ratio Put Time Spread
Shares of BurgerKing Worldwide Inc (BKW) are up .72 to 30.00 today.? BKW is in the middle of the 52 week range..
Today paper traded 4500/3500 BKW Nov 28/Dec 30 put spreads for 1.85.? The ADV is 4863 contracts.? The OI is 147 and 1060 contracts.
Volume went up in two blocks.? The trade is a ratio put time spread selling more of the Nov 28 puts and buying some of the Dec 30 puts.? This is a trade to roll through earnings with the possibility of taking the stock lower.? Stock did go up prior to this spread marked derivative for 60000 shares.
30-day implied volatility is 36%.?? 10-day implied volatility is 28%.? 30 day implied volatility is trading above the 10 day realized volatility
Burger King Worldwide, Inc. is a fast food hamburger restaurant, under the Burger King brand. The Company generates revenues from three sources: franchise revenues, consisting primarily of royalties based on a percentage of sales reported by franchise restaurants and fees paid by franchisees; property income from properties that it leases or subleases to franchisees, and retail sales at Company restaurants.
Puts Trade In KBR – Closing Puts
Shares of KBR, Inc. (KBR) are up .52 to 18.62 today.? KBR is near the bottom of the 52 week range.
Today paper traded 750 KBR Dec 22 puts for 3.8.? The ADV is 728 contracts.? The OI is 7432 contracts.
Volume went up in one block.? The trade appears that a short holder is covering today paying between .20 and .30 over parity to take off the short put.? Trade on the strike is over 4000 contracts so the short seller is looking to take some profits here if they initiated when KBR was in the 17 handle.? 3000 or so more puts to close so the trader is holding out for more profits.
30-day implied volatility is 39%.?? 10-day implied volatility is 23%.? 30 day implied volatility is trading above the 10 day realized volatility
KBR, Inc. (KBR) is a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets. The Company operates in four segments: Hydrocarbons, Infrastructure, Government and Power (IGP), Services, and Other. As of December 31, 2011, the Company conducted its business in over 70 countries.