6250 BHP May 21 puts and 5212 ?BHP Mar 25 calls went up on the PHLX and ISE.?
Shares of BHP Biliton Ltd (BHP) are up 1.67 to 23.06 today.? BHP is near the lower end the 52 week range.
- Paper traded 6250 May 21 puts and 5212 Mar 25 calls for 1.90 and .86. ??
- The ADV is 5391 contracts.? ?
- The open interest is 191 in May and 1403 in Mar.
The volume went up on the PHLX and ISE.? The combination was not marked spread but good be connected as the trader (s) bid through the offers for both blocks. ?The volume jumped over 12000 on the calls and 10000 on the puts.? 150000 shares did go up but the delta for the puts would make the trade short without the addition of the call block.? The trade looks very leveraged for an outsize move in the short term.
- IV 30 is trading for 65%.?
- HV10 is trading for 73%.?
- IV 30 is below the HV 10.
BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas. The Company operates through segments: Petroleum and Potash, Copper, Iron Ore and Coal.