Put rolls and ratios trade in XLE- big Oct close with bearish put spread
Shares of Energy Select Sector SPDR (XLE) are down .75 to 91.39 today.? PBR is in the middle of the 52 week range.
Today paper traded 28000 Oct 91 Nov 84 put spreads for 1.02 and 25000 Nov 84/92 puts spreads for 2.40. ?
- The ADV is 38k contracts.
- The OI is 38233 in the Oct 91s, 32 in the Nov 84s and 25178 in the Nov 92s
Volume went up in 4 massive blocks.? The contracts went up on the AMEX with one spread rolling down to Nov and the other rolling a Nov put to a lower strike.? The trader looks like they want to maintain a long delta put at lower strikes.? The recent slide is causing the trader to roll down.
- 30-day implied volatility is 17%.
- 10-day implied volatility is 13%.
- 30 day implied volatility is trading above the 10 realized volatility.
Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. The Fund?s investment advisor is SSgA Funds Management, Inc.
House money Stupids in GLNG
Shares of Golar LNG Limited (GLNG) are up .97 to 70.44 today. ?GLNG is in the upper end of the 52 week range.
Today paper traded 7000 Jan 2015 70/90 call stupids and 3500 Jan 2015 60 calls for a 3.30 credit.
- The ADV is 4500 contracts.
- The OI is 6942, 827 and 30 contacts.
Volume went up in 3 giant blocks.? The Jan 60 calls look like a closing sale with the house money moving up to the Jan 70s and Jan 90s.? This is a customer that was long and is essentially moving to 5x the contracts in Jan 2015.
- 30-day implied volatility is 46%. ?
- 10-day implied volatility is 33%.
- 30 day implied volatility is trading above the 10 realized volatility
Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs).
Puts trade in MTOR- steady put buying here
Shares of Meritor Inc. (MTOR) are down .09 to 11.61 today. ?MTOR is in the middle of the 52 week range.
Today paper traded 1047 MTOR Jan 10 puts for .45.?
- The ADV is 478 contracts.
- The OI is 1966 contracts.
Volume went up in one large block.? The bid for puts has come in and out most of the day.? IV is up 2 points so on balance paper is buying puts.? .45 offers for this strike keep getting lifted in various sizes.? Traders are looking for lower prices there.
- 30-day implied volatility is 38%.
- 10-day implied volatility is 33%.
- 30 day implied volatility is trading at the 10 realized volatility
Meritor, Inc. (Meritor) is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.