4685 XLB Feb 45 puts went up in 1 large block. Given the recent price action it is probably a short cover.?
Puts are trading GREK- possible put close
Shares of Global X FTSE Greece 20 ETF (GREK) are down .18 to 13.05.? GREK is near the bottom of the 52 week range.
Paper traded 7000 GREK Jan 13 puts at .25. ?
- The ADV is 3053 contracts.
- The OI is 7734 contracts.
The volume went up in 1 large block.? This trade is most likely a long put close with GREK trading near year lows.? Check the OI to see if the client is hitting the put bid prior to the Greek elections.
The last report in UA for GREK was a Dec 15 put buyer back in Nov.
- IV 30 is trading for 94%.
- HV10 is trading for 52%.
- IV 30 is trading above the HV 10.
Global X FTSE Greece 20 ETF (GREK) tracks the FTSE 20 major stocks in the Greek stock market.
Put spread rolls in USO- giant spreads trade
Shares of United States Oil Fund (USO) are down 17.38 to .24 today. ??USO is near the bottom of the 52 week range.
Paper traded 31500 USO Mar 16/19 put spreads and 35000 USO Mar 14/17 put spreads for 1.42 over .92.
- The ADV is 169k contracts.
- The OI in ascending strike order is 3150/48105/17288/58472 contracts.
The volume went up in 4 giant blocks. ?This trade is a giant put spread roll where the customer is closing the 16/19 and opening the 14/17.? The larger size indicates this is a house money roll looking for more downside and is most likely a large bearish bet on oil prices.
- IV 30 is trading for 49%.
- HV10 is trading for 42%.
- IV 30 is trading over the HV 10.
United States Oil Fund, LP (USOF) is a limited partnership. USOF is a commodity pool that issues limited partnership interests (units) traded on the NYSE Arca, Inc. (the NYSE Arca). The Company?s general partner is United States Commodity Funds LLC (the General Partner) and is responsible for the management of USOF. The investment objective of USOF is for the changes in percentage terms of its units? net asset value (NAV) to reflect the changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange (the NYMEX).
Bearish bet on XLB- put buyers might be covering
Shares of Materials Select Sector SPDR (XLB) are down .92 to 46.82.? XLB is near the middle of the 52 week range.
Paper traded 4685 XLB Feb 45 puts for .75.?
- The ADV is 5327 contracts. ?
- The OI is 12043 contracts.
The volume went up in 1 large block.? Trade on the strike is well over 8000 contracts.? The early buyers is either covering a short put position or looking for a run down in XLB.? Given the recent price action it is probably a short cover.? Look to the OI tomorrow as an increase in OI means this is more of a bearish bet.
- IV 30 is trading for 24%.
- HV10 is trading for 21%.
- IV 30 is trading over the HV 10.
Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials. The Fund?s investment advisor is SSgA Funds Management, Inc.