10389 COP Sep 43/47.5 put spreads went up in 2 blocks on the CBOE
Puts trade in COP- Size put spread roll
Shares of Conoco Phillips (COP) are down .88 to 44.51 today. ?COP is near the bottom of the 52 week range.
- Paper traded 10389 COP Sep 43/47.5 put spreads at 2.45. ?
- The ADV is 17963 contracts.?
- The OI is over 21000 contracts on the 47.5s and 0 on the 43?s.
The volume went up in 2 blocks on the CBOE marked spread. ??Total volume is closer to 20k contracts as traders took advantage of the selloff to take profits in the 47.5 puts and roll down to the 43 puts.? The trade looks like a positive money roll but not clear if it is against stock or not.
- IV 30 is trading for 43%.?
- HV10 is trading for 35%.?
- IV 30 is trading above the HV 10.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International.