1340 and 670 MEOH May 40 and 35 calls went up in 2 blocks on the PHLX marked spread. ?
Shares of the Methanex Corp (MEOH) are up 1.97 to 38.10 today.? MEOH is near the middle of the 52 week range.
- Paper traded 1340 and 670 MEOH May 40 and 35 calls for .87 over 3.39.?
- The ADV is 828.?
- The OI is 2407 on the 35s and 502 on the 40s.
The volume went up in 2 blocks on the PHLX marked spread. ?1000 x 2000 of the calls spreads went up with traders closing out the 35s and rolling into twice as many 40s.? The play looks net bullish as priced with house money rolling up.
- IV 30 is trading for 50%.?
- HV10 is trading for 35%.?
- IV 30 is trading above the HV 10.
Methanex Corporation is a producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago.