20000 WFT Feb 7/8 puts and Mar 6 puts went up in three blocks marked sold last on the PHLX
Shares of Weatherford International PLC (WFT) are down .23 to 7.68 today. WFT is near the bottom of the 52 week range.
- Paper traded 20000 WFT Feb 7/8 puts and Mar 6 puts for .41. ??
- The ADV is 12917 contracts.? ?
- The open interest is 41094 and 24000 for Feb and 0 for March.
The volume went up in three blocks marked sold last on the PHLX.? This trade has priced looked like the trader was selling out of the Feb 8s and buying more of the Feb 7s and opening new puts in Mar.? The bearish case is still in full swing for this trader or these are protective puts rolling down.
- IV 30 is trading for 82%.?
- HV10 is trading for 66%.?
- 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.