10575 XOP Jan2018 30/35 put spreads over 42 went up in 3 blocks on the ARCA
Shares of SPDR S&P Oil and Gas (XOP) are down .63 to 35.32 today.? XOP is near the middle of the 52 week range.
- Paper traded 10575 XOP Jan2018 30/35 put spreads over 42 calls for 1.98 and 1.84.?
- The ADV is 76k contracts.? ?
- The open interest is 9336/36604 and 3422.
The volume went up in 3 blocks on the ARCA.? It is most likely all opening volume with the put debit spread near the call premium.? The trader is either creating a short or hedging a stock position.400000k shared did go up within 10 min of the option which would be roughly delta neutral but it is not clear the stock and options were together.? The trade does have a short delta at printed without stock.
- IV 30 is trading for 32%.?
- HV10 is trading for 31%.?
- IV 30 is above the HV 10.
SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index.