6000/5000 PAGP Oct 11 puts over Oct 12 calls went up in 2 blocks on the ARCA marked spread.?
Shares of Plains GP Holdings LP (PAGP) are even at 11.39 today.? PAGP is near the middle of the 52 week range.
- Paper traded 6000/5000 PAGP Oct 11 puts over Oct 12 calls for .30 and .20.?
- The ADV is 2217.
- The OI is less than 100k contracts.
The volume went up in 2 blocks on the ARCA marked spread.? This trade looks like a call sale over a put sale with OCT vol dropping 3 points today.? A trade like this could be an income generator versus long stock or straight bet PAGP does not move.
- IV 30 is trading for 35%.?
- HV10 is trading for 29%.?
- IV 30 is above the HV 10.
Plains GP Holdings, L.P. (PAGP) owns an interest in the general partner and incentive distribution rights (IDRs) of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products.