Shares of SM Energy Co. (SM) are down 2.37 to 82.58 today.? ?SM is near the middle of the 52 week range
Today paper traded 6882 SM Aug 75 puts for1.40. ?The ADV is 438. ?The OI is 370 contracts.
The volume went up in 1 large block.? Paper starting buying these puts for 1.30 in small blocks on many exchanges and paid up to 1.40 for the block.? The trader is looking for lower prices on SM with the puts trading 1.50 now.? This could be a hedge or straight speculation on SM going lower.
?30-day implied volatility is 30%.?? 10-day implied volatility is 37%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
SM Energy Company (SM Energy) is an independent energy company.?