The Options Insider

MWE Calls Hit the Bid

by | Apr 28, 2015 | Unusual Activity

20000 MWE May 70 calls went up in 1 large block marked Price Variation on the AMEX. ??

Calls go up in YPF- call spreads trade

?YPF

Shares of YPF SA (YPF) are up .13 to 30.64 today. ??YPF is in the middle of the 52 week range.

  • Paper traded 30000 YPF Jan 2016 35/40 call spreads for 1.45.
  • The ADV is 1906 contracts.
  • The OI is 4105 and 585 on the strikes respectively.

The volume went up 4 giant blocks.? This trade based on price looks like an opening call spread purchase.? YPF is an oil company and is starting to come up from the basement so this trader is betting on more rally.

  • IV 30 is trading for 50%.
  • HV10 is trading for 26%.
  • IV 30 is trading above the HV 10.

YPF SA is an Argentina-based integrated oil and gas company. The Company’s upstream operations consist of the exploration, development and production of crude oil, natural gas and liquefied petroleum gas (LPG). Its downstream operations include the refining, marketing, transportation and distribution of oil and a wide range of petroleum products, petroleum derivatives, petrochemicals, LPG and bio-fuels.

 

Calls trade in MWE- calls hit the bid

?MWE

Shares of Markwest Energy Parters LP (MWE) are down 1.17 to 67.04 today. ??MWE is near the middle of the 52 week range.

  • Paper traded 20000 MWE May 70 calls at 1.0.
  • The ADV is 5669 contracts.
  • The OI is 9585 contracts.

The volume went up in 1 large block marked Price Variation on the AMEX. ??MWE is making a recovery from lower prices earlier this year and this trade looks like a buy writer selling some near the money calls.? The trader is making a bet MWE does not rally enough to get the stock called away.

  • IV 30 is trading for 41%.
  • HV10 is trading for 27%.
  • IV 30 is trading below the HV 10.

MarkWest Energy Partners, L.P (MarkWest) is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; and the gathering and transportation of crude oil. The Company operates in four segments: Marcellus, Utica, Northeast and Southwest.

 

Calls trade in XME- possible upside call buyer

?XME

Shares of SPDR S&P Metals and Mining ETF (XME) are up .54 to 28.46 today. ?XME is near the lower end of the 52 week range.

  • Paper traded 4800 XME Jun 30 calls for .59.
  • The ADV is 4677 contracts. ?
  • The OI is 6346 contracts.

The volume went up in 1 block on the PHLX market regular.? This trade as priced looks buy with no stock attached.? There is huge volume on the Jun 29 strike as paper swept calls from multiple exchanges.? Both trades look buy and could be closing the strike.? Either way this trader is looking to open up the upside in XME in the near term.

  • IV 30 is trading for 27%.
  • HV10 is trading for 24%.
  • IV 30 is below the HV 10.

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index).