15000 USO Jan 10 put and Jan 11.5 calls went up in 2 blocks on the PHLX marked spread
Shares of the US Oil Fund (USO) are down .38 to 10.06.? ?USO is in the middle of the 52 week range.
- Paper traded 15000 USO Jan 10 put and Jan 11.5 calls at .68 and .54.? ?
- ADV is 172k.
- The OI is 17k on the put and 34k on the call.
The volume went up in 2 blocks on the PHLX marked spread.? The put price went up through the bid so the trader most likely sold the strangle.? With IV at higher levels going into the OPEC meeting the trader is betting on minimal action.? It is possible this is closing paper but volume on the strikes is way over the open interest.
- IV 30 is trading for 53%.?
- HV10 is trading for 39%.?
- IV 30 is above the HV 10.
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. (the NYSE Arca).