5000/15000 CHK Jan 2/5 puts went up in two blocks on the AMEX marked spread. ?
Shares of ?Chesapeake Energy Corp (CHK) are up .18 to 5.26 today..? ?CHK is near the lower end of the 52 week range.
- Paper traded 5000/15000 CHK Jan 2/5 puts ??
- The ADV is 67910 contracts.?
- The OI is 5600 and 63695 contracts.
The volume went up in two blocks on the AMEX marked spread. ?There was a block of stock going up concurrently, 200,000 shares, but was not marked with the options.? The put ratio spread buying 1 and selling 3 is consistent with a short term dip in CHK.? The stock block could be the upside leg and the spread provide protection to $2.
- IV 30 is trading 109%.?
- HV10 is trading for 71%.?
- 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.