Shares of Methanex Corp. (MEOH) are up 2.71 to 64.17. ? MEOH is near the upper end of the 52-week range.

Today paper traded 2500 MEOH Jan 2015 57.5 puts and 67.5 calls for .95.? The ADV is 729.? The OI is 30 contracts on both strikes.

The volume went up in two blocks marked spreads.? The risk reversal traded on the AMEX where the puts where marked sale and the calls trade mid-market.? This could be a long call short put play where the customer is looking for high prices and trying to reduce the cost of the call.

?30-day implied volatility is 30%. ? 10-day implied volatility is 15%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Methanex Corporation (Methanex) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.