Shares of Rice Energy Inc. (RICE) are down .43 to 29.27 today.? ?RICE is in the middle part of the 52 week range.
Today paper traded 5000 RICE Oct 30 calls for 3.6 and the RICE Oct 35 and 40 calls at 1.4 and .60 2500x.? The ADV is 525 contracts. The OI is 5234, 13486 and 2662 respectively.
The volume went up in 3 large blocks.? Trade for the option printed buying the 30s and selling the 35s with the 40s trading on near the bid.? The trade is close to a Christmas tree but the Oct 30 side was a very heavy short delta.? If the trade was put on with RICE trading higher this could be the customer closing for money.? Check the OI to confirm a close as maybe this big customer sees this as the near term low for the stock.
30-day implied volatility is 52%.?? 10-day implied volatility is 35%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Rice Energy Inc. (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin.