97,500 CHK Oct 8 puts went up in one block on the ARCA marked spread. ?A stock block of 5,820,000 shares traded with the options block. ?
Shares of Chesapeake Energy Corp. (CHK) are up .36 to 7.93 today.? CHK is near the lower end of the 52 week range.
- Paper traded 97500 CHK Oct 8 puts for 1.00. ?
- The ADV is 85k contracts.?
- The OI is near 200k contracts.
The volume went up in one block on the ARCA marked spread. ?A stock block of 5,820,000 shares traded with the options block.? This could be a buy to close trade where the original ratio spread was short puts and stock.? CHK has been sticky to the $8 so the traders are looking to capture the decay, if the trade was closing.
- IV 30 is trading 91%.?
- HV10 is trading for 53%.?
- IV 30 is trading above the HV 10.
Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression.