18500 USO Jan 2017 12 calls went up in 1 large block on the PHLX marked buy write.
Shares of United States Oil Fund LP (USO) are down .04 to 10.06 today. USO is in the middle of the 52 week range.
- Paper traded 18500 USO Jan 2017 12 calls for .45.?
- The ADV is 140k contracts.?
- The OI is 35998 contracts.
The volume went up in 1 large block on the PHLX marked buy write.? 573500 shares went up for 10.13 within 1 minute of the call block.? The trade as priced is close to delta neutral and this trader is either unwinding a current call and stock position or creating a delta neutral backspread.
- IV 30 is trading for 38%.?
- HV10 is trading for 36%.?
- IV 30 is trading above the HV 10.
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.