Shares of Encana Corp (ECA) are down .04 to 22.50 today. ECA is near the upper end of the 52 week range.
Today paper traded 6250 ECA Jul 22/Jan 2015 23 calls for 1.05.? The ADV is 4457 contracts. The OI is 19820 on the Jul 22s and 25686 on the Jan 2015 23s.
The volume went up in 2 large blocks.? These trades were marked spread and a continuation of paper UA reported on yesterday rolling into the Jan 2015s.? The trader is looking for substantial upside while closing out the near term options.
?30-day implied volatility is 28%.?? 10-day implied volatility is 21%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Encana Corporation (Encana) is a North American energy producer.?