The Options Insider

Puts Trade In AMLP ? Looks Like Sale Versus Short Stock Position

by | Nov 11, 2015 | Unusual Activity

Puts Trade In AMLP ? Put Sellers With Stock

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Shares of Alerian MLP (AMLP) are down.20 to 12.84 today. AMLP is near the bottom of the 52 week range.

  • Paper traded 10000 AMLP Jan 2016 13 puts at .70.
  • The ADV is 3173 contracts.
  • The open interest is 5332 contracts.

The volume went up in 1 block on the PHLX marked buy write. As priced the puts look like a sale versus a short stock postion. 580k shares of AMLP went up at 12.75 so the puts and stock trade are near delta neutral. The trader is looking for no real action in AMLP though the end of the year.

  • IV 30 is trading for 30%.
  • HV10 is trading for 33%.
  • IV 30 is below the HV 10.

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.