Shares of the Market Vectors Oil Services ETF (OIH) are trading 39.24, up .20 today.? The low on the day is 39.01.
Paper bought the OIH Dec 40 calls in size.? The contacts traded on the offer with scattered volume trading over 16,000 times. ?Various prints are going up of 1,000+ contracts at different times. Volatility is up in December to 23.39.? IV is up 13.3% today on the strike. Open Interest is 2,684 contracts.? This trade appears to be mostly opening paper and is strongly bullish.
30-day implied volatility is 23.9%.?? 10-day implied volatility is 8.8%.? 30-day implied volatility is trading well over the 10-day historical volatility.?
Market Vectors Oil Services ETF (OIH) tracks a basket of stocks that follow the oil services industry