2000 HFC Jan2017 275/29.5 call spreads went 3 blocks on the ARCA
Shares of Holly Frontier Corp (HFC) are up .90 to 24.74 today.? HFC is near the bottom of the 52 week range.
- Paper traded 2000 HFC Jan2017 275/29.5 call spreads for .48 and 600 HFC Jan2017 21 puts for.60.?
- The ADV is 3436 contracts.?
- The OI is less than 1000 contracts per strike.
The volume went 3 blocks on the ARCA marked spread.? As priced the spread looks buy on the call spread and sell on the puts.? The trader is trying to lock in a close to 0 cost call spread on a modified risk reversal.? This is bullish as posted.
- IV 30 is trading 48%.?
- HV10 is trading for 38%.?
- IV 30 is above the HV 10.
HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner.