8000/4600 SM Nov30/35 put spreads went up in two blocks on the ARCA.?
Shares of SM Energy (SM) are down .04 to 36.63 today.? SM is near the upper end of the 52 week range.
- Paper traded 8000/4600 SM Nov30/35 put spreads for 2.10/4.25. ?
- The ADV is 2127 contracts.? ?
- The open interest is 8265 and 211 contracts.
The volume went up in two blocks on the ARCA.? The cust looks like they are closing the 30 puts and buying a smaller amount of the 35 puts.? SM was a low single digit stock in Jan and has exploded in value.? These could be a stock hedge or the trader is waiting for a big pullback.
- IV 30 is trading for 57%.?
- HV10 is trading for 46%.?
- IV 30 is above the HV 10.
SM Energy Company is an independent energy company.