Shares of Crosstex Energy (XTEX) were down .36 to 16.39. ?XTEX is trading $1 off of 52-week highs.
Yesterday paper traded 5,100 of the XTEX Mar 17.5 calls for 0.20.? The average contract volume is 195 contracts per day in the name, and open interest was less than 43 contracts prior to the trade.? The implied volatility is down 1% in March. The trade looks to be selling calls against a stock position.?
30-day implied volatility is 31%.?? 10-day implied volatility is 29%.? 30-day implied volatility is trading at the 10 day historical volatility.
Crosstex Energy, L.P. is a midstream energy company engaged in the gathering, transmission, processing and marketing of natural gas, natural gas liquids (NGLs), and providing terminal services for crude oil.