10000/5700 RIO Jul 22.5/25 puts went up in 2 blocks on the PHLX marked spread. ?
Shares of Rio Tinto PLC (RIO) are up 1.52 to 28.89 today. ?RIO is near the lower end of the 52 week range.
- Paper traded 10000/5700 RIO Jul 22.5/25 puts for 1.20/2.10.?
- The ADV is 3980 contracts.?
- The OI is 11518 over 791 contracts.
The volume went up in 2 blocks on the PHLX marked spread. ?The trade is most likely a close on the 22.5 puts and an opening sale on the 25 puts.? RIO has just made a power move up from lows and this trader wants to keep rolling the puts up.
- IV 30 is trading 50%.?
- HV10 is trading for 53%.?
- IV 30 is trading below the HV 10.
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.