Today paper traded 1642 MHR Jan 2015 4 puts for .75 and .80.?This trade looks like a short put close somewhere near the bottom for MHR.?
Puts trade MHR- possible close for puts
Shares of The Magnum Hunter Resources Corp. (MHR) are up .13 to 4.11 today.? MHR is in the bottom of the 52 week range.
Today paper traded 1642 MHR Jan 2015 4 puts for .75 and .80.?
- The ADV is 2777 contracts.
- The OI is 4292 contracts.
Volume went up in 2 blocks.? This trade looks like a short put close somewhere near the bottom for MHR.? The put trades lifted the offer at the time and there is more to go at this level.? Not looking like a great close here.? IV 30 is trading at a 52 week high.
- 30-day implied volatility is 108%. ?
- 10-day implied volatility is 76%.
- 30 day implied volatility is trading above the 10 day realized volatility
Magnum Hunter Resources Corporation (Magnum Hunter) is an independent oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in the states of West Virginia, Ohio, Texas, Kentucky and North Dakota and in Saskatchewan, Canada.
Puts trade in KS- possible close
Shares of Kapstone Paper and Packaging Corp. are down .27 to 24.19 today.? KS is near the bottom of the 52 week range.
Today paper traded 7603 KS Feb 25 puts for 3.9-4.10.?
- The ADV is 12394k contracts.
- The OI is 16559 contracts.
Volume went up in small lots.? The trade on the strike looks like piecemeal closing of a large short put position.? Expect to see more closing on this strike even with the very high IV.
- 30-day implied volatility is 71%.
- 10-day implied volatility is 28%.
- 30 day implied volatility is trading above the 10 day realized volatility
KapStone Paper and Packaging Corporation (KapStone) is an integrated manufacture and sale of unbleached kraft paper and corrugated products for industrial and consumer markets.
Puts trade in CVO- possible close
Shares of Cenveo, Inc. (CVO) are down .01 to 2.19 today.? CVO is near the bottom of the 52 week range.
Today paper traded 8000 CVO Jan 2.5 puts for .70.?
- The ADV is 11 contracts.
- The OI is 8682 contracts.
Volume went up in two blocks.? The trade on the strike looks like a close for these puts with IV at 1 year highs.? This customer is giving up on the short put position.
- 30-day implied volatility is 85%.
- 10-day implied volatility is 41%.
- 30 day implied volatility is trading above the 10 day realized volatility
Cenveo, Inc. is a diversified printing company in North America. The Company?s portfolio of products includes commercial printing, envelope converting, label manufacturing and specialty packaging production.