5800 GEL Jun 35 calls traded over 2900 Jun 30 calls on the PHLX marked spread.?
Shares of Genesis Energy LP (GEL) are up 1.51 to 32.01 today.? GEL is trading in the middle of the 52 week range.
- Paper traded 5800 GEL Jun 35 calls over 2900 Jun 30 calls for 1.60 and 4.20.?
- GEL trades 407 contracts a day on average.?
- The OI on the strike is 3082 on the 30s and 1088 on the 35s.
The trade went up on the PHLX marked spread.? This ratio trade looks buy to close on the 30s and sell to open on the 35s.? It is possible this trade is against stock and the trader chose the jump in GEL to sell more calls against the position.? GEL is paying .655 quarterly dividends with increasing dividends the last year so the call sale would create near double the yield.
- IV30 IS 52% and HV10 is 68%,?
- The current realized volatility is trading at a premium to implied volatility.
Genesis Energy, L.P. (Genesis) is a master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States and the Gulf of Mexico. The Company operates through five segments: Onshore Pipeline Transportation, Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics.