12000 CHK Jan 2017 8 puts went up in one block on the ARCA marked spread
Shares of Chesapeake Energy Inc. (CHK) are up .72 to 4.12 today.? CHK is near the lower end of the 52 week range.
- Paper traded 12000 CHK Jan 2017 8 puts for 5.55 today.?
- The ADV is 85k contracts.?
- The OI is 74000 contracts.
The volume went up in one block on the ARCA marked spread.? The puts traded about 1.40 over parity so this is most likely a forced close in a short squeeze type of stock or the trade is shutting down a short put since CHK bounced $2 from the near term bottom.
- IV 30 is trading for 153%.?
- HV10 is trading for 169%.?
- IV 30 is trading below the HV 10.
Chesapeake Energy Corporation 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.