The Options Insider

Giant Risk Reversal Goes Up in CSX

by | Jun 1, 2015 | Unusual Activity

27600 CSX Jan 2016 37.5 calls and 31 puts went up marked spread on ARCA. ??

Calls and puts trade in CSX- giant risk reversal goes up

csx

Shares of CSX Corp (CSX) are up .26 to 34.33 today.? CSX is near the upper end of the 52 week range.

  • Paper traded 27600 CSX Jan 2016 37.5 calls and 31 puts for .20 credit.
  • The ADV is 23974 contracts.
  • The OI is 177 and 4719 contracts.

The volume went up in blocks marked spread on ARCA. ??This trader is most likely looking to get very long above the recent highs for 37.62.? The trade takes in a slight credit and is banking on a coast or jump by Jan 2016.

  • IV 30 is trading for 28%.
  • HV10 is trading for 20%.
  • 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. CSX?s operating subsidiary, CSX Transportation, Inc. (CSXT), provides link to the transportation supply chain through its approximately 21,000 route mile rail network, which serves centers in 23 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec

 

Puts trade in IAG- possible protective put roll???????????????????

IAG

Shares of IAMGOLD Corp (IAG) is up .01 to 2.04 today.? IAG is near the bottom of the 52 week range.

  • Paper traded 52214 IAG Jun/Sep 2 put spreads for .20.
  • The ADV is 4580 contracts.
  • The OI is over 107k and 2397 contracts.

The volume went up in two blocks marked spread on ARCA.? A spread of similar sized traded .01 less so the customer is most likely selling the Jun to close and buying more Sep protections.? With IAG already at $2 this is most likely a protected stock play.

  • IV 30 is trading 54%.
  • HV10 is trading for 36%.
  • IV 30 is trading above the HV 10.

IAMGOLD Corporation (IAMGOLD) is a mining company. IAMGOLD?s interests include five operating gold mines, a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas.

 

Calls trade in EVEP- diagonal call spreads trade

EVEP

Shares of EV Energy Partners LP (EVEP) are down .37 to 13.76 today. ??EVEP is near the bottom of the 52 week range.

  • Paper traded 4500 Jul 17 calls over Sep 20 calls for .60.
  • The ADV is 1538 contracts. ?
  • The OI is 3 and 8364 contracts.

The volume went up in two blocks on ARCA marked spread.? An additional 500 spreads traded the same way.? This trade has the customer closing the Sep 20s and rolling down to the short term Jul 14 calls. The trade is probably a buy write to get closer to the money by closing the Sep 20s with the higher OI.

  • IV 30 is trading for 45%.
  • HV10 is trading for 22%.
  • IV 30 is above the HV 10.

EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties.