10000 XOP Dec02 41 calls and Dec02 38.5/35.5 put spreads went up in 3 blocks on the ISE marked combo.?

XOP

Shares of SPDR S&P Oil and Gas Exp (XOP) are down .67 to 39.00 today.? XOP is near the top of the 52 week range.

  • Paper traded 10000 XOP Dec02 41 calls and Dec02 38.5/35.5 put spreads for .59 and .84. ?
  • ADV is 108k contracts.?
  • The OI is 4778 and 5800/6440 contracts.

The volume went up in 3 blocks on the ISE marked combo.? The calls traded through the offer and the put spread went through as well.? The 10000 contract block looked buying the calls and the put spread as priced.? It does look like a net premium buy trade.

  • IV 30 is trading 41%.?
  • HV10 is trading for 31%.?
  • IV 30 is above the HV 10.

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index.