50000 XOP Dec 42/48 call spreads went up on the CBOE
Shares of SPDR S&P Oil and Gas Explorers (XOP) are up .59 to 33.82. ?XOP is near the middle of the 52 week range.
- Paper traded 50000 XOP Dec 42/48 call spreads for .88. ??
- The ADV is 95k contracts.? ?
- The open interest is 3 contracts.
The volume went up on the CBOE marked spread.? December went up with September spreads to push the volume over 200k contracts today.? The trades as priced look like spread buyers with .88 about .05 over the theoretical value.? IV is down in the product today but this trade is the first substantial OI in Dec.
- IV 30 is trading for 38%.?
- HV10 is trading for 41%.?
- IV 30 is below the HV 10.
SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index.