1211 LINE Apr 1.5 puts went up in 1 block on the PHLX on a sweep. ?
Shares of the Linn Energy LLC (LINE) are up .82 to 1.82 today.? LINE is near the bottom of the 52 week range.
- Paper traded 1211 LINE Apr 1.5 puts for .55.?
- The ADV is 3953 contracts.?
- The OI is 6300 contracts.
The volume went up in 1 block on the PHLX on a sweep. ?The trade looks like a close on the Apr 1.5 puts as buyers came in and lifted all floors.? The OI has been around for a bit and the trader is taking the opportunity on the price spike to close some puts.? The IV is up 60 points today.
- IV 30 is trading 339%.?
- HV10 is trading for 354%.?
- IV 30 is trading below the HV 10.
Linn Energy, LLC (LINN Energy) is an oil and natural gas company. The Company is focused on acquiring, developing and maximizing cash flow from a portfolio of oil and natural gas assets. The Company’s properties are located in the United States, in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana (TexLa), the Mid-Continent, the Permian Basin, Michigan/Illinois and south Texas.