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Just OTM Calls Trade In BWP
Shares of Boardwalk Pipeline Partners (BWP) are up .26 to to 14.09.? BWP is near the lower end of the 52 week range.
- Paper traded 9240 BWP Dec 15 calls for .42.?
- The ADV is 757 contracts.?
- The OI is 1144 contracts.
The volume went up in one block on the MIAX marked Price Variation. This trade is curious in that no stock of size printed with the volume. Also, the calls are .45 going out with multiple follow up sellers at .45. While the IV is down, there seems to be a .45 still for the calls. This could be a buy write against an existing stock position but another trader is acquiring calls for .45.
- IV 30 is trading 35%.
- HV10 is trading for 32%.
- IV 30 is trading above the HV 10.
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business is conducted by its primary subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries Gulf Crossing Pipeline Company LLC, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Boardwalk Field Services, LLC, Petal Gas Storage, L.L.C, Boardwalk Louisiana Midstream, LLC and Boardwalk Storage Company, LLC.