Shares of CVR Refining LP are down 1.51 to 25.63 today. CVRR is near the top of the upper end of the 52 week range.
Today paper traded 1165 CVRR Jul 25 put for .20? ?The ADV is 746 contracts.? The OI is 204 contracts.
The volume went up in three blocks.? Trade was scattered on 3 exchanges simultaneously as all three orders hit at once.? It is possible the buyers have already exited as CVR is up $1.20 since the open.? The puts have traded as high as .90 with volume lifting the offer.? The early fill looks like an error with the stock trading around 24.78 which would put the options underwater.
30-day implied volatility is 26%.?? 10-day implied volatility is 17%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
CVR Refining, LP is an energy limited partnership with refining and related logistics assets that operates in the mid-continent region.?