Shares of QEP Resources are down 3.52 to 28.49 today.? QEP is near a 52-week low.
Today paper traded 3700 QEP Jun 25 calls over Jun 20 puts at 2.45.? ADV is 2541 contracts.? The OI is 3 and 97 contracts.?
The volume went in two blocks between the markets.? The puts paid up in a no bid market and the calls traded near the bid.? It is tough to tell which way the trader was going but on the marks it looked like buying puts and selling calls.? That would put the short combo near the bottom for the stock as it has already bounced off of lows.? The trade might have been against stock or it would be a $2 loser at this point.
30-day implied volatility is 33%. ? 10-day implied volatility is 17%.? 30-day implied volatility is trading above the 10-day historical volatility.
QEP Resources, Inc. (QEP) is a holding company. The Company operates in three lines of business: gas and oil exploration and production, midstream field services, and energy marketing.