7600 XOM Dec16 82.5 puts went up 1 block on the ARCA.?

XOM

Shares Exxon Mobil Inc. (XOM) are up .28 to 87.76 today.? XOM is near the middle of the 52 week range.

  • Paper traded 7600 XOM Dec16 82.5 puts for .13? ?
  • ADV is 51k contracts.
  • The OI is 28K.

The volume went up 1 block on the ARCA.? 20000+ puts traded in what is likely a closing transaction.? The trader is taking the money and going.? There was no roll to a more long term strike so the put sale was more strategic and short term.

  • IV 30 is trading for 16%.?
  • HV10 is trading for 12%.?
  • IV 30 is above the HV 10.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products.