9200 CHK Dec 5 puts over Dec 6.5 calls went up in two blocks on the AMEX marked spread. ?
Shares of Chesapeake Energy Corp (CHK) are up .31 to 5.45 today.? ?CHK is near the lower end of the 52 week range.
- Paper trade 9200 CHK Dec 5 puts over Dec 6.5 calls for a .30 credit. ??
- The ADV is 67910 contracts.?
- The OI is 35000 and 328 contracts.
The volume went up in two blocks on the AMEX marked spread. ?There is huge put open interest but the trade sets up as a risk reversal for a large credit.? If CHK makes a move above 6.5 the trade makes large returns.? The risk is below 4.70.
- IV 30 is trading 109%.?
- HV10 is trading for 71%.?
- IV 30 is trading above the HV 10.
Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression.