Paper swept the BTU Jan 2018 8 calls for .07 & .08 repeatedly in what was an opening buy. Total volume is about 6k contracts in addition to the 19,000 that traded yesterday at higher levels.
Peabody Energy Corp, trading 4.45, down .88 with an IV30 of 136.13 and an HV10 of 122.37, saw a long term call sweeper today.? The stock with an ADV of 7800 contracts and OI of 930k saw a trader sweep the Jan 2018 8 calls for .07 and .08 repeatedly in what was an opening buy total volume is about 6k contracts in addition to the 19,000 that traded yesterday at higher levels.
?BTU has had a rough go of it, along with the entire coal industry.? This appears to be a long term buyer that believes that of the coal stocks BTU might be a name that can survive over the next few years and potentially make it back above 8-10 dollars someday.?
This trade should be considered long volatility and an extremely long term-long shot bullish play as well.