The Options Insider

Giant Near-Term CHK Put Block Trades

by | Mar 18, 2015 | Unusual Activity

43614 CHK Mar 13.5 puts went up in 1 giant block marked out of sequence on the AMEX.?

Put spreads trade in EPI- rolling for a second chance

?EPI

Shares of WisdomTree India Earnings (EPI) are up .37 to 23.77 today.? ?EPI is near the top of the 52 week range.

  • Paper traded 16000/8000 EPI Mar 23/Apr 23 put spreads for .35.
  • The ADV is 5791 contracts.
  • The OI is 20000 and 7000 contracts.

The volume went up in two blocks marked spread.? EPI is making a sharp move and the trader is looking like they are rolling to Apr.? Extra Apr 23 puts went up later making the roll a possible 1 to 1.? The trader looks down money and is stretching their bet out in time.

  • IV 30 is trading for 23%.
  • HV10 is trading for 26%.
  • IV 30 is trading above the HV 10.

WisdomTree India Earnings Fund (The Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index. The Index measures the performance of profitable companies incorporated and traded in India that are eligible to be purchased by foreign investors and that meet specific criteria developed by WisdomTree Investments.

 

Put buyers in CHK- giant put block near term

?CHK

Shares of Chesapeake Energy Corp. (CHK) are trading up .20 to 14.02 today. CHK is near the bottom of the 52 week range.

  • Paper traded 43614 CHK Mar 13.5 puts for .25.
  • The ADV is 27665 contracts.
  • The OI is 3691 contracts.

The volume went up in 1 giant block marked out of sequence on the AMEX.? CHK is trading near year lows and this put trade went up .06 outside of the offer.? Without the stock printing against this trade, the near term put buy is very bearish with only 3 days to go.? Over 60000 of these puts trade on the day with the current offer .22.

  • IV 30 is trading for 55%.
  • HV10 is trading for 51%.
  • IV 30 is above the HV 10.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas and liquids. The Company?s exploration and production segment is responsible for finding and producing natural gas, oil and natural gas liquids (NGL).

 

Puts roll in IYR- puts roll up

?IYR

Shares of iShares Dow Jones US real estate ETF (IYR) are up 1.33 to 79.91 today. ??IYR is near the upper end of the 52 week range.

  • Paper traded 34580/28360 IYR Mar 75/78 put spreads for .35 (1-1).
  • The ADV is 43k contracts. ?
  • The OI is 86102 and 29885 contracts.

The volume went up in 2 giant blocks marked price variation.? IYR is off to the races and the put trader looks closing on the 75s and opening on the 78s.? They could be staying in for a drop in the IYR.? A large block of stock marked derivative traded prior to the puts and other tied volume went up of too small a size.? This does look like a down money roll and the trader wants the long puts closer to the money.

  • IV 30 is trading for 12.72%.
  • HV10 is trading for 20%.
  • IV 30 is below the HV 10.

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index).