3000 XPO May/Jun 48 call spreads went up in 2 large blocks marked buy-write. ??
Calls and puts trade in CSX- call spreads and puts are unwinding
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Shares CSX Corp (CSX) are down .39 to 36.42 today. ??CSX is near the top of the 52 Week range.
- Paper traded 6000 CSX May 36/39 call spread and May 33 puts for .80.
- The ADV is 16331 contracts.
- The OI is over 15k contracts per strike.
The volume went up in 3 large blocks marked spread on ARCA.? Most likely the customer is unwinding a long call spread and short put position for an .80 credit.? With CSX lower not long ago the trader probably got a credit both ways.? This is only part of the OI closing.
- IV 30 is trading for 31%.
- HV10 is trading for 30%.
- IV 30 is trading above the HV 10.
CSX Corporation (CSX) is a transportation supplier. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers.
Call roll in XPO- Call versus stock roll
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Shares of XPO Logistics (XPO) are up 3.62 today to 46.09. ??XPO is near the top of the 52 week range.
- Paper traded 3000 XPO May/Jun 48 call spreads for .95.
- The ADV is 1518 contracts.
- The OI is 3112 and 3 contracts.
The volume went up in 2 large blocks marked buy-write. ??There is large OI on the May 48 and the customer could be selling to close there and buying the Jun 48s.? A block of 18k shares went up for $46 which is close to delta neutral on the time spread.? Check the OI there tomorrow as the delta neutral time spread would be more of a fade on this move.?
- IV 30 is trading for 49%.
- HV10 is trading for 26%.
- IV 30 is trading above the HV 10.
XPO Logistics, Inc. is a logistics provider of transportation logistics services in North America.
Puts trade in FXE- put trader trying to get closer to the money
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Shares of CurrencyShares Euro Trust (FXE) are up 1.38 to 109.27 today. ?FXE is near the lower end 52 week range.
- Paper traded 20000 FXE May 01 Weekly 106/106.5 for .03.
- The ADV is 30k contracts. ?
- The OI is 21309 and 1184 contracts.
The volume went up in 2 blocks on the AMEX marked spread.? This trade looks like a roll up for a loser but it is impossible to know a counter to the position.? As it stands FXE just launched from around $105 and this trader is trying to bring the put closer to the money.? Slim odds the new strike can go ITM.
- IV 30 is trading for 11.8%.
- HV10 is trading for 8%.
- IV 30 is above the HV 10.
CurrencyShares Euro Trust (FXE) is an ETF that tracks the price of the Euro versus the dollar.