The Options Insider

Big Roller In XOP

by | May 18, 2015 | Unusual Activity

Big Roller in XOP,? Possible Covered Writer In SE, Aggressive Put Seller In RICE

 

Puts Trading In XOP – Big Roller

oil-gas-ETF Shares of SPDR S&P Oil and Gas Exp. ETF (XOP) are down .24 to 50.92 today. XOP is near the lower end of the 52 Week range.

  • Paper traded 7000 XOP May 29 Weekly 51.5/Jun 5 Weekly 50 put spreads for .26.
  • The ADV is 48k contracts.
  • The OI is 8711 and 213 contracts.

The volume went up in 2 blocks marked spread on ARCA. The trade looks like a giant put roll out for 1 week. The short duration is curious on this one and the Jun 50 puts are trading an additional 10000 so players are keying on that strike. The spread could be a bullish roll if opening or there is long stock against it.

  • IV 30 is trading for 31%.
  • HV10 is trading for 22%.
  • IV 30 is trading 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.

 

Calls Trade In SE – Possible Covered Writer

SpectraEnergy-300x160

Shares of Spectra Energy Corp. (SE) are down .13 to 36.42 today. SE is near the middle of the 52 week range.

  • Paper traded 4000 SE Jul 39 calls at .30.
  • The ADV is 3755 contracts.
  • The OI is 0.

The volume went up in 1 block on the CBOE. With SE trading in the middle of the range the trader here does not think SE can make a 10% move into mid-summer. The type of trade is consistent with a buy write.

  • HV10 is trading for 20%.
  • IV 30 is trading 19%.
  • IV 30 is trading above the HV 10.

Spectra Energy Corp is a pipeline and midstream company. The Company owns and operates diversified portfolio of complementary natural gas-related energy assets, and owns and operates a crude oil pipeline system.

 

Puts Trade In RICE – Aggressive Put Seller

?RICE Energy Inc

Shares of Rice Energy Inc. (RICE) are down .5 to 23.30 today. RICE is near the middle of the 52 week range.

  • Paper traded 689 RICE Jun 22 puts at .60.
  • The ADV is 881 contracts.
  • The OI is 6406 contracts.

The volume went up in 1 block. Sellers are out on this strike with 6700+ contracts trading hands. Most of the paper looks like sale and have hit multiple exchanges for liquidity. Some of this paper could be closing but the volume is over the OI so at the least the owners are hitting the exits today.

  • IV 30 is trading for 38%.
  • HV10 is trading for 39%.
  • IV 30 is below the HV 10.

Rice Energy Inc. (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin.