12428 RIO Mar17 40 puts went up in 1 block on the CBOE.
Shares of Rio Tinto PLC (RIO) were down .77 to 39.85 yesterday. RIO is near the middle of the 52 week range.
- Paper traded 12428 RIO Mar17 40 puts for .70.? ?
- The ADV is 6264 contracts.?
- The OI is 2465 contracts.
The volume went up in 1 block on the CBOE. Over 30k contracts traded with most of the paper buying.? Traders are looking for a sharp selloff in RIO and they are getting it so far with the puts trading for 1.0.
- IV 30 is trading for 35%. ?
- HV10 is trading for 37%.?
- IV 30 is trading below 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.