50800 APA Oct 40 42.5 put spreads went up in 2 blocks on the ARCA.?
Shares of Apache Corp. (APA) are up 2.31 to 42.74 today.? ?APA is near the bottom of the 52 week range.
- Paper traded 50800 APA Oct 40 42.5 put spread at .88. ??
- The ADV is 8028 contracts.? ?
- The OI is 56015 and 592 contracts.
The volume went up in 2 blocks on the ARCA.? This customer looks like they are closing a large open position and rolling up to a closer to the money position to generate more yield.? The trade as priced is bullish APA with the sale of the near the money put.
- IV 30 is trading for 44%.?
- HV10 is trading for 33%.?
- IV 30 is below the HV 10.
Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. As of December 31, 2014, Apache had exploration and production interests in five countries: the United States, Canada, Egypt, Australia and the United Kingdom