2250 WES Mar 35 calls over 2250 each of the Aug 40 and 45 calls went up several blocks marked spread on the PHLX.?
Shares of Western Gas Partners LP (WES) are up .41 to 39.62 today.? WES is near the middle of the 52 week range.
- Paper traded 2250 WES Mar 35 calls over 2250 each of the Aug 40 and 45 calls for 4.60, 4.10 and 2.20.?
- The ADV is 604.
- The OI is 5600 in Mar and just under 600 in Aug.
The volume went up several blocks marked spread on the PHLX.? Over 5000 of these split strike spreads traded with the customer looking buy to close in Mar and sell to open in Aug.? After the run up the trader seems less inclined to sell all one strike and opting for some upside gains with the yield.
- IV 30 is trading for 54%.?
- HV10 is trading for 74%.?
- IV 30 is trading below the HV 10.
Western Gas Partners, LP, (the Partnership) is a master limited partnership (MLP) that owns, operates, acquires and develops midstream energy assets. The Partnership is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, Natural gas liquids (NGLs) and crude oil for Anadarko Petroleum Corporation (Anadarko) and its consolidated subsidiaries, as well as third-party producers and customers.