2280 PAA May 33 calls went up in one block on the PHLX.
Shares of Plains All American Pipeline (PAA) are down.38 to 31.57 today.? PAA is near the upper end of the 52 week range.
- Paper traded 2280 PAA May 33 calls at 1.30. ?
- The ADV is 3311 contracts.? ?
- The open interest is 704 contracts.
The volume went up in one block on the PHLX. 3700 calls traded total near the bid.? This is consistent with a call over writer looking for yield.? These calls are yielding 4% or so to May.
- IV 30 is trading for 31%.?
- HV10 is trading for 16%.?
- IV 30 is above the HV 10.
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products.