Shares of BP Prudhoe Bay Royalty Trust (BPT) are down 1.83 to 75.40 today.? BPT is in the middle of the 52-week range.
Today paper traded 533 BPT Jan 75 puts for .40.? ADV is 328 contracts.? The OI is 328 contracts.
The volume traded in 3 blocks lifting the offer on a very wide market.? 1300 contracts have traded on the day on this strike.? The puts look like a quick strike for BPT to go lower.? The buys were mostly opening and the puts are .7 bid now with no real closes yet.? The put buyer is looking for lower numbers.
30-day implied volatility is 24%.? ?10-day implied volatility is 21%.? 30-day implied volatility is trading above the 10-day historical volatility.
BP Prudhoe Bay Royalty Trust (the Trust) is a grantor trust. The Royalty Interest is a non-operational interest in minerals. The Royalty Interest is a non-operational interest in minerals.