16700 SDRL Jan2018 1.5 puts went up in one block on the AMEX.?
Shares of Seadrill Ltd (SDRL) are down.06 to 2.74 today.? SDRL is near the lower end of the 52 week range.
- Paper traded 16700 SDRL Jan2018 1.5 puts for .75. ?
- The ADV is 6640 contracts.? ?
- The open interest is 17413 contracts.
The volume went up in one block on the AMEX.? Over 17k puts traded on a price variation tag total.? No stock of size printed with this even with the trade tag.? As priced this looks like a sell to close and if so the trader is unwinding an OTM protective put. As priced should be bullish but without the stock print it is tough to tell.
- IV 30 is trading for 99%.?
- HV10 is trading for 69%.?
- IV 30 is above the HV 10.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.