Shares of PG&E Corp (PGE) are down around .21 to 45.65 today. ?PCG is near a 52 week high.
Today paper traded 1734 PGE Sep/Dec 45 call spreads.? The ADV is 497 contracts.? The OI is 2664 on the Sep and 155 on the Dec.
The volume went up in 4 blocks.? With the large dividend it looks like the customer is rolling out to Dec to maintain the aggressive buy write but not expose to exercise.?? The buy writer does not think there is too much more upside left in PCG.
30-day implied volatility is 14%.?? 10-day implied volatility is 8%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (Utility). The Utility?s revenues are generated mainly through the sale and delivery of electricity and natural gas to customers.