Paper 37000 WFT OCT 6 calls over Nov 7s for around .04 credit.?
Shares of Weatherford International plc (WFT) are up .25 to 6.16. WFT is near the bottom of the 52 week range.
- Paper 37000 WFT OCT 6 calls over Nov 7s for around .04 credit.?
- The ADV is 10910.?
- The OI is over 41k over 5652 contracts.
The volume went up in several blocks on the PHLX and AMEX marked spread.? This looks like a long delta roll to Nov with a close near parity of the Oct calls.? The trader wants to be long going into the earnings cycle if the trade is not against stock.
- IV 30 is trading for 74%.?
- HV10 is trading for 52%.?
- IV 30 is 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.