20000 CHK Jan20 8 calls/ Feb17 8 calls went up in 2 blocks on the ARCA.?
Shares of Chesapeake Energy (CHK) are down .04 to 6.88 today.? CHK is near the middle of the 52 week range.
- Paper traded 20000 CHK Jan20 8/ Feb17 8 calls for .10.?
- The ADV is 60k contracts.?
- The OI is 150k and 12991 respectively.
The volume went up in 2 blocks on the ARCA.? This trade is part of a 50000 lot spread where the trader is closing some short Jan20 3?s and writing the Feb17 8?s for a .10 credit.? Very small dollars but a 2% return for the buy write if written against an existing position.
- IV 30 is trading for 60%.?
- HV10 is trading for 54%.?
- IV 30 is trading below the HV 10.
Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression.