6000 RIO Apr21 45 calls over May19 42.5 calls went up in 2 blocks on the PHLX.?
Shares of Rio Tinto plc (RIO) are up 1.48 to 40.87 today.? RIO is near the middle of the 52 week range.
- Paper traded 6000 RIO Apr21 45 calls over May19 42.5 calls are trading .40 and 1.70.?
- The ADV is 6837 contracts.? ?
- The open interest is 9851 and 218 contracts.
The volume went up in 2 blocks on the PHLX.? The May 42.5s were a clear buying paying the offer with the Apr going up mid-market.? The trader is either creating a mini-buy-write or closing the Apr?s outright and rolling to a more ITM strike.? The trade looks bullish as posted.
- IV 30 is trading for 33%.?
- HV10 is trading for 32%.?
- IV 30 is above the HV 10.
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore.