1500 BG Nov/Dec 62.5 call spreads went 2 blocks on the PHLX
Shares of Bunge Ltd (BG) are up .16 to 62.16 today.? BG is near the middle of the 52 week range.
- Paper traded 1500 BG Nov/Dec 62.5 call spreads for .60.
- The ADV is 1171 contracts.?
- The OI is 4596 and 505.
The volume went 2 blocks on the PHLX marked spread.? The trade looks like a long delta roll to keep a long position in BG.? The trader is choosing to move out in time and keep at the money.? The call spread would be bullish if close in Nov and open in Dec.
- IV 30 is trading 38%.?
- HV10 is trading for 10%.?
- IV 30 is above the HV 10.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.