50000 UUP Jun 25 puts went up in 1 large block & is most likely unwinding a winning position in UUP
Calls and puts trade in KOS- possible combinations
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Shares of Kosmos Energy ltd (KOS) are up .20 to 9.73 today. ??KOS is in the middle of the 52 week range.
- Paper traded 4000/3900 KOS May 9 puts and calls for .40.
- The ADV is 1970 contracts.
- The OI is 4007 and 21979 on the strikes respectively.
The volume went up in two large blocks marked price variation.? With the block of stock trading just around 400k shares for 9.53 the combination of options buys stock for 9.60.? The trader is taking a .07 loss to unwind this position.? It is possible the opening trade was a conversion and the need for long stock has since passed.
- IV 30 is trading for 67%.
- HV10 is trading for 43%.
- IV 30 is trading above the HV 10.
Kosmos Energy Ltd is a holding company. The Company, through its subsidiaries operates as an oil and gas exploration and production company. The Company has operations in Africa, Europe and South America.
Puts trade in UUP- large block getting out
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Shares of PowerShares DB US Dollar Index (UUP) are down .17 to 25.27 today. ??UUP is near the top of the 52 week range.
- Paper traded 50000 UUP Jun 25 puts at .23.
- The ADV is 36385 contracts.
- The OI is 397k contracts.
The volume went up in 1 large block marked Price Variation on ARCA. ??This customer is most likely unwinding a position in UUP that has worked out since the dollar has pulled back from recent highs.? The OI is massive so there is 300k more of these puts to go between now and Jun expiration.
- IV 30 is trading for 10%.
- HV10 is trading for 06%.
- IV 30 is trading above the HV 10.
PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund establishes long positions in certain futures contracts (the DX Contracts) with a view to tracking the changcBank Long US Dollar Index (USDX) Futures Index Excess Return (the Index), over time.
Calls trade in CLF- possible house money roll
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Shares of Cliffs Natural Resources (CLF) are down .15 to 5.99 today. ?CLF is near the lower end of the 52 week range.
- Paper traded 20000 CLF Jul 6/7 call spreads for .35.
- The ADV is 20k contracts. ?
- The OI is 23996 and 4369 contracts.
The volume went up in 2 blocks on the PHLX marked spread.? This trade looks like a roll up for dollars as the Jul 6 call trader is taking profits setting up for the next run higher. UA profiled a Jul 6 call buyer for .34 last week so now the trader has a free ride for higher prices and can keep a .01.
- IV 30 is trading for 82%.
- HV10 is trading for 88%.
- IV 30 is below the HV 10.
Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal.