5000 PTEN Aug 14 calls traded over Aug 10 puts in 2 blocks on the ARCA
Shares of Patterson-UTI Energy, Inc. (PTEN) are down .86 to 11.81 today.? PTEN is near the lower end of the 52 week range.
- Paper traded 5000 PTEN Aug 14 calls over Aug 10 puts for .19. ??
- The ADV is 1523 contracts.? ?
- The open interest is less than 20 contracts.
The volume went up in 2 blocks on the ARCA marked spread.? The trade as priced looks buy put and sell call to create a ?collar?.? At the time of the option print no 500k share block traded so this is either protection or a straight low cost short.
- IV 30 is trading for 80%.?
- HV10 is trading for 64%.?
- IV 30 is above the HV 10.
Patterson-UTI Energy, Inc. owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States.