The Options Insider

Massive Long-Term KMI Call Spreads

by | Apr 30, 2015 | Unusual Activity

35000 KMI Jan 2017 50/60 call spreads went up in 2 massive blocks on the PHLX.

Calls trade in UUP- near term call buyers

?UUP

Shares of the PowerShares DB US Dollar Index (UUP) are down .05 to 25.01 today.? ?UUP is near the top of the 52 week range.

  • Paper traded 25000 UUP May 25 calls for .25.
  • The ADV is 39780 contracts.
  • The OI is j59000 contracts.

The volume went up in 1 massive block on the PHLX.? This trade was tagged ?Regular? so no stock was attached.? This is either a close on the large OI or a bet the dollar can surge back to recent highs.

  • IV 30 is trading for 10%.
  • HV10 is trading for 7%.
  • IV 30 is trading above the HV 10.

PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund establishes long positions in certain futures contracts (the DX Contracts) with a view to tracking the changcBank Long US Dollar Index (USDX) Futures Index Excess Return (the Index), over time.

 

Calls trade in KMI ? massive long term call spreads

?KMI

Shares of Kinder Morgan Inc. (KMI) are down .12 to 42.95 today. ??KMI is near the upper end of the 52 week range.

  • Paper traded 35000 KMI Jan 2017 50/60 call spread for .90.
  • The ADV is 30k contracts.
  • The OI is over 290k contracts.

The volume went up in 2 massive blocks on the PHLX. ??A block of 25000 also went up for $1 so the net on the spread is .95 which is right at value.? The spread as priced did look like a sale but earlier open interest was buy.? The longs are exiting for a small loss or adding more so check the OI tomorrow.? The IV is up slightly which is why a buy is possible.

UA profiled this trade on Apr 21st with the trader paying 1.05.

  • IV 30 is trading for 16%.
  • HV10 is trading for 11%.
  • IV 30 is trading above the HV 10.

Kinder Morgan, Inc. (KMI) is the energy infrastructure company in North America. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals.

 

Puts trade in YOKU- likely put closers

?YOKU

Shares of Youku Tudou Inc. (YOKU) are up 1.21 to 19.20 today. ?YOKU is in the middle of the 52 week range.

  • Paper traded 5000 YOKU Jun 18 puts for 1.20.
  • The ADV is 7700 contracts. ?
  • The OI is 7372 contracts.

The volume went up in 1 large block marked regular.? YOKU is having a nice run lately and this trader could be closing a good part of the OI.? The trade as marked did not go up with stock so profit taking is most likely here.

  • IV 30 is trading for 62%.
  • HV10 is trading for 69%.
  • IV 30 is below the HV 10.

Youku Tudou Inc. is an Internet television company in the People?s Republic of China.