10000 OIH Jan20?17 30 ?calls went up in one block on the PHLX marked buywrite.? ?
Shares of Market Vectors Oil Services (OIH) are up .79 to 30.64 today.? OIH is near the middle of the 52 week range.
- Paper traded 10000 OIH Jan20?17 30 ?calls at 1.83.?
- The ADV is 8870.?
- The OI is 27249 contracts.
The volume went up in one block on the PHLX marked buywrite.? ?This trade went up against 500000 shares of OIH for 30.40.? As priced it is a front spread over the 30 strike about delta neutral.? The trader is either closing a backspread or shorting premium at this level waiting for some sideways movement.
- IV 30 is trading for 29%.?
- HV10 is trading for 23%.?
- IV 30 is above 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