Shares of BreitBurn Energy Partners LP (BBEP) are up .21 today to 20.21. BBEP is near a 52 week high.
Today paper traded 2496 BBEP Jun 20 puts for .50. The ADV is 717 contracts.? The OI is 4863.
The volume went in two blocks. Puts traded on the offer but marked as buy write.? This could be a closing puts and stock trade into the dividend and earnings or adding more of the same.? The idea here would be to buy the stock and use the dividend to finance the puts to some extent.
30-day implied volatility is 14%.?? 10-day implied volatility is 13%.? 30 day implied volatility is trading above 10 Day Historical volatility.
BreitBurn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oils and gas properties in the United States.