8200 WFT May 6.5 calls went up in 1 block on the CBOE. ?
Shares Weatherford International Plc (WFT) are down 1.72 to 5.76 today.? WFT is near the bottom of the 52 week range.
- Paper traded 8200 WFT May 6.5 calls for .27.?
- The ADV is 6523.?
- The OI is 0 contracts.
The volume went up in 1 block on the CBOE. ?Over 20k contracts traded on the strike as buyers pour in an attempt to ride a move back up.? For now these calls are underwater and the stock would need a large move to make real money.? The short duration is curious as there are some sellers of the Jun 7s.? The trade could be a close for short options on another strike.
- IV 30 is trading for 84%.?
- HV10 is trading for 49%.?
- IV 30 is trading above the HV 10.
Weatherford International plc offers equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.