17039 BX Sep15 31/35 call spreads and Sep15 30 puts went up 3 blocks on the PHLX.? ?

BX

Shares of Blackstone Group LP (BX) are up .01 to 30.85 today. ?BX is near the top of the range.

  • Paper traded 17039 BX Sep15 31/35 call spreads and Sep15 30 puts for even money.?
  • The ADV is 19727 contracts.?
  • The OI is less than 2k contracts.

The volume went up 3 blocks on the PHLX.? ?The trade looks like a risk reversal with capped upside on the 35 call.? As priced the trader is trying to pay 0 dollars for the 31/35 call spread using the put to finance.

  • IV 30 is trading 17%
  • HV10 is trading for 12%.?
  • IV 30 is trading above the HV 10.

The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies.