The Options Insider

CHK Combo Closer

by | Jun 3, 2015 | Unusual Activity

8250 CHK Jul 19 calls for .06 and 7978 CHK Jul 14 puts went up in 2 blocks on the PHLX marked spread. ??

Calls and puts trade in CHK- combo closer

CHK

Shares of Chesapeake Energy Corp (CHK) are down .43 to 13.62 today.? CHK is near the lower end of the 52 week range.

  • Paper traded 8250 CHK Jul 19 calls for .06 and 7978 CHK Jul 14 puts for 1.00.
  • The ADV is 59k contracts.
  • The OI is 13223 and 19026 contracts.

The volume went up in 2 blocks on the PHLX marked spread. ??This trade has the look of a collar where the customer is buying in the short call and closing the put.? The collar provided protection and now the trader is taking profits with CHK near the lows.

  • IV 30 is trading for 42%.
  • HV10 is trading for 37%.
  • IV 30 is trading above the HV 10.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas and liquids. The Company?s exploration and production segment is responsible for finding and producing natural gas, oil and natural gas liquids (NGL). The marketing, gathering and compression segment is responsible for marketing, gathering and compression of natural gas, oil and NGL. It owns interests in approximately 47,400 natural gas and oil wells.

 

Calls trade in SFUN- near term call buyers load up???????????

SFUN

Shares of SouFun Holdings ltd. (SFUN) are up .27 to 8.09 today. ?SFUN is near the middle of the 52 week range.

  • Paper traded 6000 SFUN Jun 26 weekly 8.5 calls for .40.
  • The ADV is 6310 contracts.
  • The OI is 85 contracts.

The volume went up in 1 block on the PHLX. ??Total volume on the strike is over 17k contracts as buyers pay up to .45 for the options.? The trade looks bullish.? UA has profiled put sellers in SFUN in the recent past.

  • IV 30 is trading 67%.
  • HV10 is trading for 63%.
  • IV 30 is trading above the HV 10.

SouFun Holdings Limited (SouFun) operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Through SouFun’s Websites, it provides marketing, e-commerce, listing, and other value-added services for China’s real estate and home-related sectors.

 

Calls trade in ZNGA- call rollers staying in

ZNGA

Shares of Zynga Inc. (ZNGA) are up .02 to 3.00 today. ?ZNGA is near the lower end of the 52 week range.

  • Paper traded 25000 ZNGA Jun/Jul 3 call spreads for .08.
  • The ADV is 18842 contracts. ?
  • The OI is 61166 and 18548 contracts.

The volume went up in 2 giant blocks on the AMEX marked spread.? The trade is consistent with a long call buyer rolling for more time. ZNGA has made a recent move up and they want to keep it going.

  • IV 30 is trading for 41%.
  • HV10 is trading for 24%.
  • IV 30 is above the HV 10.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook.