The Options Insider

Possible GREK Call Spread Roll Down

by | Jun 9, 2015 | Unusual Activity

4000 GREK Jun 12/13 call spreads went up in multiple blocks on the ISE.

GREK calls trade- possible call spread roll down

GREK

Shares of Global X FTSE Greece 20 (GREK) are up .20 to 11.58 today.? ?GREK is near the lower end of the 52 week range.

  • Paper traded 4000 GREK Jun 12/13 call spreads for .33-.34.
  • The ADV is 2648 contracts.
  • The OI is 1566 and 6520 contracts.

The volume went up in multiple blocks on the ISE. ??The trade could be a roll down with the trader trying to buy options closer to the money.? The Greece deal is so far delayed and the long premium is running out of time.? From the spread pricing it looks like paper is the buyer with no stock of size going up today.

UA last tracked buyers of Sep 14 calls in mid-May.

  • IV 30 is trading for 84%.
  • HV10 is trading for 68%.
  • IV 30 is trading above the HV 10.

Global X FTSE Greece 20 ETF (GREK) tracks the FTSE 20 major stocks in the Greek stock market.

 

Puts trade in USO- massive put spread buyer???????????????????

USO

Shares of United States Oil Fund LP (USO) are up .51 to 20.22 today. ?USO is near the bottom of the 52 week range.

  • Paper traded 14000 USO Jun 12 Weekly 19/19.5 put spreads for .05.
  • The ADV is 211621 contracts.
  • The OI is 11794 and 11693 contracts.

The volume went up in 2 giant blocks on the PHLX. ??The spread as priced looked like a buy to open short term bearish put spread.? The trader is taking a very bearish position with 3 days to go before expiration.

  • IV 30 is trading 30%.
  • HV10 is trading for 33%.
  • IV 30 is trading below the HV 10.

United States Oil Fund, LP (USOF) is a limited partnership. USOF is a commodity pool that issues limited partnership interests (units) traded on the NYSE Arca, Inc. (the NYSE Arca). The Company?s general partner is United States Commodity Funds LLC (the General Partner) and is responsible for the management of USOF.

 

Puts trade in WETF- puts trade on the offer

WETF

Shares of WisdomTree Investments, Inc. (WETF) are down .03 to 21.64 today. ?WETF is near the top of the 52 week range.

  • Paper traded 578 WETF Sep 21 puts for 2.25 today.
  • The ADV is 9713 contracts. ?
  • The OI is 2035 contracts.

The volume went up in one block on the CBOE.? Volume on the strike is heavy with 12000 puts trading in a 1.3 hour span with prices from 2.25 to 2.30. Paper lifted offers on all floors as buying was very heavy.?

UA last covered put buyers in WETF Jun 19 puts on May 27th.

  • IV 30 is trading for 74%.
  • HV10 is trading for 50%.
  • IV 30 is above the HV 10.

WisdomTree Investments, Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Company?s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds.