34850 XLF Jun 25 calls went up in large block near the offer. ?XLF was pulling back yesterday with call buyers jumping into the Jun 25 strike.
Put traders in FCX- large opening put buyers
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Shares of Freeport McMoran Inc (FCX) were trading down .75 to 18.87 yesterday.? FCX is trading near the low end the 52 week range.
- Paper traded 11354 FCX May 15 puts for .39.
- The ADV is 43082 contracts.
- The OI is 7070 contracts.
The volume went up in one block.? FCX trade on this strike is over 33000 contracts with traders buying up these puts.? Blocks of all sizes went up with some paying through the offer.? No stock of size went up with this trade.
- IV 30 is trading for 47%.
- HV10 is trading for 37%.
- IV 30 is trading above the HV 10.
Freeport-McMoRan Inc. is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources and a production profile. The Company?s portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa and oil and natural gas assets in North America.
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Call buyers in XLF- upside call buyers
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Yesterday, shares of the Select Sector Financial ETF (XLF) were down .42 to 23.91.? XLF is near the upper end of the 52 week range.
- Paper traded 34850 XLF Jun 25 calls for .37.
- The ADV is 93118 contracts.
- The OI is 89583 contracts.
The volume went up in large block near the offer.? XLF was pulling back yesterday with call buyers jumping into the Jun 25 strike on 62000+ contracts.? This is a buy the dip type trade or a trader closing some short calls. ?Either way they are using the pull back to get longer.? IV is up sharply as traders buy options is several terms.
- IV 30 is trading for 17%.
- HV10 is trading for 8%.
- IV 30 is above the HV 10.
Financial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Financial Select Sector Index (the Index).
Put spreads trade in RIG- possible put spread seller
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Shares of Transocean LTD (RIG) were down .29 to 14.28 yesterday. ??RIG is near the bottom of the 52 week range.
- Paper traded 16000 RIG May 13/18 put spreads for 2.88.
- The ADV is 51399 contracts. ?
- The OI is over 19k contracts per strike.
The volume went up in two blocks marked strike.? With RIG near the bottom of the range this trader is most likely closing this put spread on the marked prices.? Check the OI tomorrow on this in case the trader is closing the 15 puts and rolling down.
- IV 30 is trading for 65%.
- HV10 is trading for 42%.
- IV 30 is above the HV 10.
Transocean Ltd. (Transocean) is an international provider of offshore contract drilling services for oil and gas wells. The Company operates in two segments: contract drilling services and drilling management services