400/500 PTEN Apr 21/May 22 call spreads went up in 2 blocks w/ Apr 21 calls trading under parity as the seller closed/rolled into May 22s.?

Calls trade in CHS- Call buyers jump

?unusual options trading activity, CHS

Shares of Chico?s FAS, Inc. (CHS) are up .16 to 17.57 today. ?CHS is near the top of the 52 week range.

  • Paper traded 769 CHS May 18 calls for .30.
  • The ADV is 791 contracts.
  • The OI is 497.

The volume went up in one block on Intermarket Sweep.? CHS is up slightly but total volume on this strike is over 4000 contracts as a buyer swept multiple exchanges for May 18 calls.? The trade looks bullish as printed.

  • IV 30 is trading for 27%.
  • HV10 is trading for 9%.
  • IV 30 is trading above the HV 10.

Chico?s FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico?s, White House / Black Market (WH/BM) and Soma Intimates (Soma) brand names.

 

Puts trade in SWC- put sellers staying in

?SWC

Shares of Stillwater Mining Co. (SWC) are up .48 to 13.76 lately. ??SWC is near the bottom of the 52 week range.

  • Paper traded 3943 SWC Apr/May 14 puts at .30.
  • The ADV is 1146 contracts.
  • The OI is 4489 and 10 contracts.

The volume went up in 2 blocks marked spread.? This client is the size trader in SWC and is looking to keep a short put on for this name.? They are taking the rally to close the short put and pick up more premium selling the May put.? On balance the trade is still bullish.

  • IV 30 is trading for 38%.
  • HV10 is trading for 25%.
  • IV 30 is above the HV 10.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals or PGMs) produced from a geological formation in south-central Montana known as the J-M Reef and from the recycling of spent catalytic converters.

Calls trade in PTEN- call rollers staying long

?PTEN

Shares of Patterson-UTI Energy Inc. (PTEN) are up 1.05 to 22.52 today.? ?PTEN is near the middle of the 52 week range.

  • Paper traded 400/500 PTEN Apr 21/May 22 call spreads for .20 (1 to 1 ratio).
  • The ADV is 1419 contracts. ?
  • The OI is 740 and 697.

The volume went up in two blocks market spread.? Apr 21 calls traded under parity as the seller closed those and rolled into more May 22 calls.? They want to keep the bullish side rolling.

  • IV 30 is trading for 52%.
  • HV10 is trading for 47%.
  • IV 30 is above the HV 10.

Patterson-UTI Energy, Inc. (Patterson-UTI) owns and operates fleets of land-based drilling rigs in the United States. The Company?s contract drilling business operates in the continental United States, Alaska, and western and northern Canada.