40000 WFT Oct 23 weekly 9.5/10.5 put spreads went up in two large blocks on the AMEX
Shares of Weatherford International PLC (WFT) are down .30 to 9.79. ?WFT is near the lower end of the 52 week range.
- Paper traded 40000 WFT Oct 23 weekly 9.5/10.5 put spreads for .47.
- The ADV is 15311 contracts.? ?
- The open interest is 690 and 40123 contracts.
The volume went up in two large blocks on the AMEX marked spread.? The spread price at the time of execution was under the mid so this trader was selling to close the 10.5s and buying to open lower on the 9.5s.? It does look like a short bias trade for WFT.
- IV 30 is trading for 76%.?
- HV10 is trading for 73%.?
- IV 30 is above the HV 10.
Weatherford International plc (Weatherford Ireland), is a multinational oilfield service company. The Company provides equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.