5000/4000 NGLS Dec 50/40 call spreads went up in two blocks on the AMEX & looks like a closing spread in Sep & Dec consistent with a roll down buy writer
Calls trade in NGLS- giant call rolls
Shares of Targa Resources Partners LP (NGLS) are up .33 to 37.67.? ?NGLS is near the bottom of the 52 week range.
- Paper traded 5000/4000 NGLS Dec 50/40 call spreads for .80.
- The ADV is 757 contracts.
- The OI is 5461 and 615.
The volume went up in two blocks on the AMEX marked spread. ?There looks like a closing spread in Sep as well and the Dec spread is consistent with a roll down buy writer.? The trader is not looking for much upside here and focusing more on yield.
- IV 30 is trading for 28%.
- HV10 is trading for 27%.
- IV 30 is trading above the HV 10.
Targa Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling.
Calls trade in GDX- upside call block
Shares of Market Vectors Gold Miners (GDX) are up .21 to 17.49 today. ?GDX is near 52 week lows.
- Paper traded 10000 GDX Sep 20 calls for .25.
- The ADV is 42k contracts.
- The OI is 34k contracts.
The volume went up 1 block on the CBOE.? This trader looks likes they are closing a short call, possibly against stock.? Check the OI on this one but at this point they are content with GDX putting in lows here.
- IV 30 is trading 27%.
- HV10 is trading for 19%.
- IV 30 is trading above the HV 10.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index.
Puts trade in ARMH- put buyers jump in
Shares of ARM Holdings plc (ARMH) are down .87 to 48.37 today.? ARMH is in the middle of the 52 week range.
- Paper traded 262 ARMH Oct 44 puts for 1.40. ?
- The ADV is 1838 contracts. ?
- The OI is 1 contracts.
The volume went up in one block on PHLX. Paper paid 1.40 on many exchanges bringing the volume up over 2900 contracts as put buyers jump in.? These puts are higher now trading 1.60 and will contain the earnings cycle.? This is a bearish bet or protective put play.
- IV 30 is trading for 32%.
- HV10 is trading for 39%.
- IV 30 is below the HV 10.
ARM Holdings plc (ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools.