1000 DO Dec 22.5 calls went up in one block on the CBOE. ?

DO

Shares of Diamond Offshore (DO) are down .28 to 19.06. DO is in the middle of the 52 week range.

  • Paper traded 1000 DO Dec 22.5 calls for .85.?
  • The ADV is 1549 per day. ?
  • The OI is 281 contracts.

The volume went up in one block on the CBOE. ?IV is down on the day but these calls were bought early with paper paying .85 on all floors until the block of 1000 printed.? 3600+ trade on the day so the trader is buying plenty of time for a bounce in the drillers.

  • IV 30 is trading 42%.?
  • HV10 is trading for 35%.?
  • IV 30 is trading above the HV 10.

Diamond Offshore Drilling, Inc. is engaged in offshore drilling and providing contract drilling services to the energy industry.