Shares of Cheniere Energy, Inc. (LNG) are up .05 to 46.31 today.? LNG is near a 52-week high.
Today paper traded 12,500 LNG Mar 40 call at 7.6 and 20,000 Apr 48 call for 3.55.? ADV is 30,246 contracts.? The OI is 21,000 in Mar and 227 in Apr.
The volume went up in two blocks marked as spread.? The Mar looks closing with Apr flagged as a buy.? The trade is consistent with a call buyer rolling up winners and taking profits and putting the gains to work to increase size.? The buyer is looking for higher prices and is most likely way up on the trade.
30-day implied volatility is 41%.? ?10-day implied volatility is 35%.? 30-day implied volatility is trading above the 10-day historical volatility.
Cheniere Energy, Inc. (Cheniere) is engaged in liquid natural gas LNG-related businesses.?