Shares of Chesapeake Energy Corp (CHK) are up .05 to 20.29.? CHK is trading at one-month highs.
Today puts traded in CHK Apr 20 strike in a block of 5,099 for .98.? Average volume is 40,066 contracts per day in the name.? Open interest is 24,000 on the puts.
The trade looks to be a seller of puts hitting the bid to get filled in an aggressive way.? Whether opening or closing is not clear, but it looks to be opening with the implied volatility down 4.0 in Apr.
30-day implied volatility is 35%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading above the 10-day historical volatility.
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company. Chesapeake is engaged in the exploration, development and acquisition of properties for the production of natural gas and oil from underground reservoirs.