Shares of Boardwalk Pipeline Partners (BWP) are even today at 12.50. BWP is near the bottom of the 52 week range.
Today paper traded 4900 BWP Apr 12.5 puts at 1.20.? ADV is 2911.? The OI is 5536 contracts.
The paper went up in one large block which looks like closing paper.? It looks like the customer closed out a long put position.? There are heavy buyers of the Jun 12.5 and 15 calls as well which looks like closing paper.? A trader who had a large short call/long put position looks to be exiting at the near term lows for the stock.??
30-day implied volatility is 40%.? ?10-day implied volatility is 40%.? 30 day implied volatility is trading at the 10 Day Historical volatility.
Boardwalk Pipeline Partners, LP is a limited partnership company.?