1700 SDRL Jan20 3.5 calls and Jan20 4 calls went up in several blocks on the ISE marked spread.?
Shares of Seadrill ltd (SDRL) are up .34 to 3.13 today.? SDRL is near the middle of the 52 week range.
- Paper traded 1700 SDRL Jan20 3.5 calls and Jan20 4 calls for .39 and .27. ??
- ADV is 10ki contracts.?
- The OI is 4019 and 21904 contracts.
The volume went up several blocks on the ISE marked spread.? Over 10k calls traded on both strikes with prices indicating spread buying.? They could be closing the 4s but the roll down to buy the 3.5s is odd.? So it is possible this is just a low cost vertical spread but the trade as priced is bullish.
- IV 30 is trading 116%.?
- HV10 is trading for 90%.?
- IV 30 is above the HV 10.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry.