Shares of Crosstex Energy LP (XTEX) were trading up .04 to 19.14 today.? The stock is trading near the 52-week high.
Today paper bought over 1,000 XTEX Jun 17.5 for up to 0.80.?? Average volume is 656 contracts per day.? Open interest is 136 contracts.
The trade appears to be a steady stream of smaller lot buyer bidding up these puts.? The puts could be a hedge on the earnings coming out on May 8th.? The payout rate is over 8% in the name.
30-day implied volatility is 41%.? ?10-day implied volatility is 31%.? 30-day implied volatility is trading above the 10-day historical volatility.
Crosstex Energy, L.P. is a midstream energy company engaged in the gathering, transmission, processing and marketing of natural gas, natural gas liquids (NGLs), and providing terminal services for crude oil.