7048 ECA Feb 13 puts over Feb 14 calls went up in 2 blocks on the ISE marked straddle.?
Shares of Encana Corp (ECA) are up .55 to 13.63.? ECA is making a 52 week high.
- Paper traded 7048 ECA Feb 13 puts over Feb 14 calls for .37 and .43.?
- The ADV is 6573 contracts per day.?
- The OI is 3549 and 587 contracts.
The volume went up in 2 blocks on the ISE marked straddle.? The trade is buying 14 calls through the offer and either selling the Feb13 puts, most likely given the price or buying them midpoint to complete a strangle.? Other spreads traded a bit higher in price so usually with the bulk trading lower the customer sold the puts. ?This would be an aggressive long delta play into earnings.
- IV 30 is trading 45%.?
- HV10 is trading for 23%.?
- IV 30 is trading above the HV 10.
Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs).