10500/9500 WFT Jun/Jul 6 call spreads went up in 2 large blocks on the CBOE
Shares of Weatherfort Int?l are up .04 to 5.51 today. ?WFT is near the bottom of the 52 week range.
- Paper traded 10500/9500 WFT Jun/Jul 6 call spreads for .21. ?
- The ADV is 10084 contracts.? ?
- The open interest is 55603 and 4167 contracts.?
The volume went up in 2 large blocks on the CBOE marked spread.? Total volume was over 10k contracts as the trader rolled out of Jun calls into Jul looking for a pop in the upside.? The huge open interest usually means a roll out but wanting to keep the long deltas.
- IV 30 is trading for 81%.?
- HV10 is trading for 72%.?
- IV 30 is above the HV 10.
Weatherford International plc offers equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates through five segments: North America, Latin America, Europe/Sub-Sahara Africa/Russia, Middle East/North Africa/Asia Pacific and Land Drilling Rigs.