Two giant blocks of SPX Feb 2015 1860 puts/2150 calls traded today for 9.40 ??The giant notional value on the trade is large skew play.?
Size combo in SPX- Feb risk reversal
Shares of the Standard and Poor?s 500 Index (SPX) are up 1.72 to 2041.59 today.?
SPX is near a 52 week high.
Paper traded 44577 SPX Feb 2015 1860 puts/2150 calls for 9.40.?
- The ADV is 988k contracts.
- The OI is 35/3528.
The volume went up in 2 giant blocks.? The giant notional value on the trade is large skew play.? The trader is looking to take in a credit by selling puts and giving a shot at some upside for a 9.4 credit.? The trade set up is owning the low for Oct but giving a chance for the index to float inside the strikes for a while.? The only real clue for this one is that the calls traded on the high side.
- IV 30 is trading for 11.
- HV10 is trading for 3.0
- IV 30 is trading over the HV 10.
The Standard and Poor?s 500 Index (SPX) is an index of the 500 leading US companies.
Puts trade in EWJ- closing puts
Shares of iShares MSCI Japan (EWJ) are down .17 to 11.59.? EWJ is in the middle of the 52 week range.
Paper traded 5983 EWJ Nov 11 puts for .03.?
- The ADV is 20k.
- The OI is 12236 contracts.
The volume went up in large block.? This is most likely a case of closing early since the recent drop in Japanese equities might be making this trader nervous.? Check the OI on this tomorrow.
- IV 30 is trading for 24.
- HV10 is trading for 17.
- IV 30 is trading over the HV 10.
Shares MSCI Japan ETF (the fund), formerly iShares MSCI Japan Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the MSCI Japan Index (the Index).
Call traders in BPL- writer not happy
Shares of Buckeye Partners, LP (BPL) are up .32 to 79.74.? BPL is near the top 52 week range.
Paper traded 1000 BPL Dec 80 calls for 1.70.??
- The ADV is 360.
- The OI is 742 contracts.
The volume went up in 1 block.? The bid for the strike right now is 1.90 which seems like a spite bid as a trader is looking to pay .20 more than where the call traded.? The initial trade does look like a sale but there is more bid for.
- IV 30 is trading for 23%.
- HV10 is trading for 32%.
- IV 30 is trading under the HV 10.
Buckeye Partners, L.P. (Buckeye) is a master limited partnership. The Company owns and operates independent refined petroleum products pipeline systems in the United States, with approximately 6,100 miles of pipeline and 100 active products terminals that provide aggregate storage capacity of over 64 million barrels.