10254 WES Aug 45/Nov 50 calls traded for 4.00 over 2.55.?

WES

Shares of Western Gas Partners, LP (WES) are up 1.96 today. ?WES is near the middle of the 52 week range.

  • Paper traded 10254 WES Aug 45/Nov 50 calls for 4.00 over 2.55.?
  • The ADV is 1233 contracts.?
  • The OI 10646 in Aug and 104 in Nov.

The volume went up in 2 blocks on the ARCA marked spread. ?This trade looks like a roll for where the trader is? taking profits on the rally in WES and moving to a higher strike expecting a lot more upside.? They did push the duration way out to Nov so any trade would be longer term in nature.

  • IV 30 is trading 46%.?
  • HV10 is trading for 42%.?
  • IV 30 is trading above 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.