9900/4950 CF Jun 22.5/25 put spreads went up in two blocks on the PHLX
Shares of CF Industries Holdings Inc. (CF) are up .76 to 28.41 today. CF is near the lower end of the 52 week range.
- Paper traded 9900/4950 CF Jun 22.5/25 put spreads for .20/.53. ?
- The ADV is 7210 contracts.? ?
- The open interest is less than 1000 contracts.?
The volume went up in two blocks on the PHLX marked spread.? CF is trading at the low end of the range and this trader looks like they are buying 1 and selling 2 puts for a slight debit.? This could be against stock or a way to buy CF at a lower price.? IV is down in Jun so it is likely the trader sold 2 to press down the IV.
- IV 30 is trading for 50%.?
- HV10 is trading for 41%.?
- IV 30 is above the HV 10.
CF Industries Holdings, Inc. is the manufacturer and distributor of nitrogen fertilizer and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to its industrial customers, and compound fertilizer products (NPKs).