1050 TSO Jan20 100 calls went up in 1 block on the C2.?
Shares of Tesoro Corp (TSO) trades 2.28 to 81.92.? ?TSO is near the top of the 52 week range.
- Paper traded 1050 TSO Jan20 100 calls for .02.?
- The ADV is 7142 contracts.?
- The OI is 1259 contracts.
The volume went up in 1 block on the C2.? Over 20000 calls trade .02 which is very odd considering the term and strike.? This is either part of a hedge or a shot on a big takeover.? Either way very strange paper.
- IV 30 is trading for 36%.?
- HV10 is trading for 22%.?
- IV 30 is trading above the HV 10.
Tesoro Corporation (Tesoro) is an independent petroleum refining and marketing company. The Company operates through three business segments: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels.