What’s so unusual? Possible call stupid in ETP, big ratio spread in PBR, and big put buyers in PDLI.
Calls Trade in ETP- possible call stupid in here
Shares of Energy Transfer Partners (EPT) are up .51 to 59.77.? YHOO is trading near the top of the 52 week range.
Today paper traded 5000 ETP Dec 60 and 62.5 calls for 1.40 and .65. ?
- The ADV is 2174 contracts.
- The OI is 44517 and 303 contracts.
Volume went up in two huge blocks.? ?The call trade is going up marked spread possibly as a stupid.? No stock went up in close to the delta size so this could be a very long upside bet.? More volume jumped in later on.
- 30-day implied volatility is 16%.
- 10-day implied volatility is 7%.
- 30-day implied volatility is trading above the 10-day realized volatility.
Energy Transfer Partners, L.P. (ETP) is a limited partnership in the United States engaged in natural gas operations. ETP is managed by its general partner, Energy Transfer Partners GP, L.P. (General Partner or ETP GP), and ETP GP is managed by its general partner, Energy Transfer Partners, L.L.C. (ETP LLC), which is owned by Energy Transfer Equity, L.P., another publicly traded master limited partnership (ETE).
Ratio spreads in PBR- big ratio upside spread
Shares of Petroleo Brasilieiro Petrobras (PBR) are down .24 to 17.36. ?PBR is near the upper end of the 52 week range.
Today paper traded 9800/19600 PBR Nov 21/23 call spreads for .08.?
- The ADV 73697 contracts.
- The OI is 36k and 45k contracts.
Volume went up in two large blocks.? The heavy open interest on this one could be closing but the move from the near term low in PBR would make this trade not perform.? Putting on this trade at this level could create a very cheap upside call.? It is worth checking the open interest tomorrow.
- 30-day implied volatility is 64%.
- 10-day implied volatility is 62%.
- 30-day implied volatility is trading above the 10-day realized volatility
Petroleo Brasileiro SA Petrobras (Petrobras) is a Brazil-based integrated oil and gas company.
Put buyers jump into PDLI- big put buyers in the near term here
?Shares of PDL Biopharma Inc (PDLI) are dow .60 to 7.87 today. PDLI is trading near the lower end of the 52 week range.
Today paper traded 362 PDLI Oct 8 puts for .50.?
- The ADV is 397 contracts.
- The OI is 339 contracts.
Volume went up in 1 block.? Trade on the strike is over 2400 contracts with buyer jumping in to push the IV up 23 points in Oct.? There is some back month trade as well with traders bidding up the Nov and Dec options.? PDLI traders are looking for a big move.
- 30-day implied volatility is 53%.
- 10-day implied volatility is 67%.
- 30-day implied volatility is trading below the 10-day realized volatility
PDL BioPharma, Inc. (PDL) is a biotech company. PDL is engaged in the management of antibody humanization patents and royalty assets, which consist of its Queen et al. patents and license agreements with various biotechnology and pharmaceutical companies.