Shares of BHP Biliton Ltd (BHP) are down 1.10 to 67.47 today.? BHP is in the middle of the 52 week range.
Today paper traded 10000 BHP Aug 57.5 puts at .97.? ADV is 3884 contracts.? The OI is 362 contracts.?
The volume went in one giant block. With the block of puts more of the 57.5 and 60 puts traded with 25 minutes of each other.? If the trades are part of one position it would be a very large ratio put spread looking to benefit if BHP high $57 range.? All the paper is opening and the IV is up slightly.? The average prices on the 57.5 puts are much closer to the bid.
30-day implied volatility is 21%. ? 10-day implied volatility is 15%.? 30 day implied volatility is trading above the 10 Day Historical?
BHP Billiton Limited is diversified natural resources company.?