Shares of PG&E Corp. (PCG) are down .52 to 47.66. ?PCG is near the top of the 52 week range.
Today paper traded 5000 PCG Sep 45 puts and 50 calls at .55 for each contract.? ?The ADV is 449 contracts.? The OI is just over 200 contracts on these strikes.
The volume went up in two blocks.? The positions traded marked buy-write which usually means the trader is selling both options.? The trade could be a long stock with short strangle to generate more income.
30-day implied volatility is 15%.?? 10-day implied volatility is 12%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (Utility). The Utility?s revenues are generated mainly through the sale and delivery of electricity and natural gas to customers.