Shares of PBF Energy Inc. (PBF) are up .13 to 27.31 today.? PBF is in the middle of the 52 week range.
Today paper traded 2850 PBF Sep 30 calls for 1.80.? The ADV is 546 contracts.? The OI is 96 contracts.
The volume went up in one big block.? The trade went up close to the offer but was marked spread.? In this case there could be a stock component to get the spread tag so it is tough to discern intent.? The IV is unchanged the order was most likely crossed with some stock counter.? Given the premium involved it is most likely an opening buy write.
30-day implied volatility is 37%.? ?10-day implied volatility is 49%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
PBF Energy Inc. (PBF Energy) is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oils, petrochemical feedstocks, lubricants and other petroleum products in the United States.?