Shares of Boardwalk Pipeline Partners (BWP) are down 9.72 to 14.36 today.? BWP is making a 52 week low today.
Today paper traded 900 BWP Sep 12.5 calls at 3.0.? ADV is 453 contracts.? The OI is 0 contracts.
The volume went up in one block.? But the big news is that 9000+ contracts traded on the day with volume hitting the bid in a big way.? The seller looked like a walk down trade of large volume trying to get filled.? The IV is spiking to a 1 year high today and paper is looking to sell that premium.? The trade does look consistent with a new stock buyer writing calls since the option is so ITM.
30-day implied volatility is 56%.? ?10-day implied volatility is 12%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company owns and operates three interstate natural gas pipeline systems including integrated storage facilities. Its business is conducted by its primary subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries, Gulf Crossing Pipeline Company LLC (Gulf Crossing), Gulf South Pipeline Company, LP (Gulf South) and Texas Gas Transmission, LLC (Texas Gas) (together, the operating subsidiaries), which consist of integrated natural gas pipeline and storage systems.