6000 NBR Apr21 14/Mar17 15 puts went up in 2 blocks on the PHLX marked spread.?
Shares of Nabors Industries ltd (NBR) are down .22 to 14.52 today. NBR is near the middle of the 52 week range.
- Paper traded 6000 NBR Apr21 14/Mar17 15 puts for .06.?
- The ADV is 3272 contracts.? ?
- The open interest is 43 and 7107.
The volume went up in 2 blocks on the PHLX marked spread.? The trader is closing the long Mar 15 puts and buying the Apr 14 puts for a small credit. This is either a protection routine or a straight short delta play on NBR.
- IV 30 is trading for 40%.?
- HV10 is trading for 37%.?
- IV 30 is above the HV 10.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company is a provider of offshore platform work over and drilling rigs. It conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.