The Options Insider

Calls and Puts Trade in SLCA – Possible Risk Reversal Trades

by | Apr 21, 2017 | Unusual Activity

Shares of US SILICA Holdings Inc (SLCA) are down 1.91 to 41.14 today.? SLCA is near the middle of the? 52 week range.

  • Paper traded 1500 SLCA Sep15 45 calls and Sep15 40 puts for 3.52 and 4.37.
  • The ADV is 2694 contracts.??
  • The open interest is 1711 on the puts and 450 on the calls.

The volume went up in 2 blocks on the ISE marked spread..? This combo priced with the calls through the offer and the puts near the bid price indicating a long call short put trade.? There is some OI in the puts but this trade looks primed to bet on an upswing in SLCA?s stock price.

  • IV 30 is trading for 56%.?
  • HV10 is trading for 48%.?
  • IV 30 is above the HV 10.

U.S. Silica Holdings, Inc. is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets.