The Options Insider

NBR Puts Sold Through the Bid

by | Apr 2, 2015 | Unusual Activity

4600 NBR Jun 10 puts went up in one block through the bid. This could be a sign the trader thinks the worst is over for NBR.

Puts trade in NBR- puts sold through the bid

?NBR

Shares of Nabors Industries LTD (NBR) are up .24 to 14.33 today. ?NBR is near the lower end of the 52 week range.

  • Paper traded 4600 NBR Jun 10 puts at .16.
  • The ADV is 3599 contracts.
  • The OI is 14202 contracts.

The volume went up in one block through the bid.? NBR is coming off of recent lows and this trader could either be closing protective puts or selling them to acquire stock below the 10 level should NBR make the move back down.? This could be a sign the trader thinks the worst is over for NBR.

  • IV 30 is trading for 47%.
  • HV10 is trading for 29%.
  • IV 30 is trading above the HV 10.

Nabors Industries Ltd. (Nabors) is a provider of services for land-based and offshore oil and natural gas wells. The Company operates through two business lines: Drilling & Rig Services, and Completion & Production Services.

 

Puts trade in TSM- size May put buyers

?TSM

Shares of Taiwan Semiconductor MFG. (TSM) are up .41 to 23.64 today. ?TSM is near the upper end of the 52 week range.

  • Paper traded 3972 TSM May 24 puts for 1.15.
  • The ADV is 633 contracts.
  • The OI is 170 contracts.

The volume went up in 1 block.? Total volume on the strike is over 11k contracts as put buyers jump in.? There is large open interest in Apr 24 puts and May 23 puts as traders are looking to position before earnings.? There were smaller put and stock trades going up not connected with the May 24s.? The ITM nature means the traders are looking for a move down.

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

Taiwan Semiconductor Manufacturing Co., Ltd. is principally engaged in the research, development, manufacture and distribution of integrated circuit (IC) related products. The Company operates its businesses in two segments: foundry and other. Its foundry segment engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, as well as mask making services.

 

Calls and puts trading in XLP- possible straddle buyers

?XLP

Shares of Consumer Staples Select Sector ETF (XLP) are up .22 to 49.02 today. ??XLP is near the top of the 52 week range.

  • Paper traded 10000 XLP Jun 49 calls and puts for 2.61.
  • The ADV is 7665 contracts. ?
  • The OI is less than 3k contracts.

The volume went up in 2 blocks on the PHLX.? The trade was not marked straddle but both options went up on the offers for the calls and puts.? Usually both sides going up like this indicate a straddle buyer so this trader is looking for some big moves to come.

  • IV 30 is trading for 13%.
  • HV10 is trading for 11%.
  • IV 30 is above the HV 10.

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).