11400 SDRL Apr 3.5 puts went up in 1 block on the AMEX
Shares of Seadrill LTD (SDRL) are up .41 to 3.81 today. SDRL is near the middle of the 52 week range.
- Paper traded 11400 SDRL Apr 3.5 puts for 1.25.?
- The ADV is 12805.?
- The OI is 41 contracts.
The volume went up in 1 block on the AMEX.? 15K total puts traded with 407750 shares going up on the CHX 1min after the put print.? The puts and stock would be roughly delta neutral if paired. In this case the trader is protecting a move to 0 on the stock but would like a massive rally to Apr.
- IV 30 is trading for 122%.?
- HV10 is trading for 106%.?
- IV 30 is above the HV 10.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.