Call traders in CAM- size calls trading
Shares of Cameron Int. Corp (CAM) are up 1.70 to 47.92 today. ??CAM is near the lower end of the 52 week range.
Paper traded 25000 CAM Feb 50 calls for .95.?
- The ADV is 1816 contracts.
- The OI is 1405 contracts.
The volume went up in 1 block.? Trade on the strike is over 33k contracts.? The initial buy went up lifting the offer with subsequent volume hitting the .95 and sometime selling through the bid.? The calls are still .90 bid as of this writing with IV up 4 points.
- IV 30 is trading for 42%.
- HV10 is trading for 44%.
- IV 30 is trading below the HV 10.
Cameron International Corporation (Cameron) provides flow equipment products, systems and services to global oil, gas and process industries through three business segments, Drilling and Production Systems (DPS), Valves & Measurement (V&M) and Process & Compression Systems (PCS).?
Bullish time spread in GLD ? upside calendars trade
The SPDR Gold Trust (GLD) is down 1.49 to 120.93 today. ?GLD is in the middle of the 52 week range.
Paper traded 10000 GLD Feb 13 Weekly/Feb 27 Weekly 128 time spreads for .30. ??
- The ADV is 122kk contracts.
- The OI is less than 1000 contracts per strike.
The volume went up in 2 blocks marked spread.? The trader wants a cheap upside play in GLD.? The time spread is reducing the net cost of the position.? Light OI in both of these terms OTM.
- IV 30 is trading for 19%.
- HV10 is trading for 21%.
- IV 30 is trading below the HV 10.
SPDR Gold Trust (the Trust) is an investment trust. The Trust holds gold and issues shares (Shares) (in minimum blocks of 100,000 Shares, also referred to as Baskets) in exchange for deposits of gold and distributes gold in connection with redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion.
Puts trade in MCP- possible close on the bounce
Shares of Molycorp Inc. (MCP) are up .21 to .69 today. ?MCP is near the bottom of the 52 week range.
Paper traded 10000 MCP Jun .5 puts for .22.?
- The ADV is 6303 contracts. ?
- The OI is 25712 contracts.
The volume went up in 1 block.? MCP is up 40% today so this could be a short put trader taking some money off of the table.? There still is 25k OI so there might be more to close but this does look like profit taking here.? Check the OI on this one tomorrow.
- IV 30 is trading for 208%.
- HV10 is trading for 322%.
- IV 30 is trading under the HV 10.
Molycorp, Inc. (Molycorp) is an advanced material manufacturer. With 25 locations across 10 countries, the Company produces a range of specialized products from all 16 naturally occurring rare earths (lights, mids, and heavies) and five rare metals (gallium, indium, rhenium, tantalum, and niobium). The Company produces rare earth magnetic materials through its Molycorp Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet powders, used to manufacture bonded NdFeB permanent rare earth magnets. Through its joint venture with Daido Steel and the Mitsubishi Corporation, Molycorp manufactures sintered NdFeB permanent rare earth magnets.