12500/25000/12500 OIH Jul01 30.5/33/35.5 call spreads went up in 3 blocks on the PHLX
Shares of the Market Vectors Oil Services ETF (OIH) are down .42 to 30.45 today.? OIH is near the middle of the 52 week range.
- Paper traded 12500/25000/12500 OIH Jul01 30.5/33/35.5 call spreads for .65.?
- The ADV is 2017.?
- The OI is 0 contracts on all strikes.
The volume went up in 3 blocks on the PHLX marked spread.? Total volume is slightly higher as other trader piggy back this call butterfly.? The OI is 0 and the spread as priced looks like a buy side initiated it looking for a pin around 33.? This one looks bullish into 4th of July weekend.
- IV 30 is trading for 30%.?
- HV10 is trading for 39%.?
- IV 30 is trading below the HV 10.
OIH is a rules-based index intended to track the overall performance of 25 of the largest U.S. listed, publicly traded oil services companies