20000/40000 WMB Feb 47/49 calls went up in 2 large blocks marked spread.? This opening trade is looking to benefit from a pop in WMB but not a too high jump.?

Ratio spreads in WMB- ratio call spread go up for even

WMB

Shares of Williams Companies Inc. (WMB) are down 07 to 47.27 today.? WMB is near the middle of the 52 week range.

Paper traded 20000/40000 WMB Feb 47/49 call spreads for even money.?

  • The ADV is 24k contracts.
  • The OI is 7718 and 1696 contracts.

The volume went up in 2 large blocks marked spread.? This opening trade is looking to benefit from a pop in WMB but not a too high jump.? Even money keeps the downside risk to commissions.

  • IV 30 is trading for 41%.
  • HV10 is trading for 33%.
  • IV 30 is trading above the HV 10.

The Williams Companies, Inc. (Williams), is an energy infrastructure company focused on connecting North America?s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins.

 

Put buyers in EWZ- possible put and stock trade

EWZ

Shares of the iShares MSCI Brazil Index (EWZ) are down 1.03 to 32.80 today.? EWZ is near the bottom of the 52 week range.

Paper traded 7000 EWZ Mar 30 puts for .63.?

  • The ADV is 80kcontracts.
  • The OI is 20611 contracts.

The volume went up in 1 block.? The puts were marked spread without a contra side to the Mar 30s.? Stock went up for 32.9 on 455000 shares.? The pricing is a possible put and stock buy on a slightly bullish ratio.? The trade could be closing so check the OI tomorrow on this one.

  • IV 30 is trading for 38%.
  • HV10 is trading for 38%.
  • IV 30 is trading at the HV 10.

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index).

 

Put spreads in SWC- put roll here

SWC

Shares of the Stillwater Mining Company (SWC) are down .05 to 13.91. ??SWC is near the low end of the 52 week range.

Paper traded 3946 SWC Feb/Mar 14 put spreads for .33.?

  • The ADV is 1387 contracts. ?
  • The OI is 4278 and 10 contracts.

The volume went up in 2 blocks marked spread.? It looks like the customer is choosing to go farther out in time and sell the Mar 14 puts and close a position in the Feb 14 puts.? With the name at the recent lows this is most likely a positive money roll.

  • IV 30 is trading for 44%.
  • HV10 is trading for 35%.
  • IV 30 is trading over the HV 10.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting, refining and marketing of palladium, platinum and associated metals (platinum group metals (PGMs)) from a geological formation in south-central Montana, the J-M Reef, and from the recycling of spent catalytic converters. It is also engaged in expanding its mining operations on the J-M Reef, developing its Marathon PGM/copper property adjacent to Lake Superior in the province of Ontario, Canada and advancing the exploration of its Altar copper/gold property in the province of San Juan Argentina.