6000 MRO Nov 14/Dec 13 puts went up in two large blocks on the PHLX
Shares of Marathon Oil Company (MRO) are up .56 to 14.25 today. ?MRO is near the middle of the 52 week range.
- Paper traded 6000 MRO Nov 14/Dec 13 puts for .53 and .51.
- The ADV is 17620 contracts.? ?
- The open interest is 8459 and 774 contracts.
The volume went up in two large blocks on the PHLX marked spread.? The trade could be a close on the 14s in Nov and an open on the Dec 13s.? The odd part is both prices trade on the offer.? Most likely the customer paid up to the close the Nov?s but got a good price on the Dec.? On the rally this would be consistent with a short put roll so flat to higher prices for MRO is the likely bet.
- IV 30 is trading for 52%.?
- HV10 is trading for 62%.?
- IV 30 is below the HV 10.
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM).