17348 WFT Nov04 4.5 calls went 1 block on the PHLX marked buywrite.?
Shares of Weatherford International Plc (WFT) are down .38 to 4.44 today.? WFT is near the lower end of the 52 Week range.
- Paper traded 17348 WFT Nov04 4.5 calls for .14.? ?
- ADV is 13821.?
- The OI is 0 contracts.
The volume went 1 block on the PHLX marked buywrite.? Several blocks of stock went up concurrent with the call trade and the most realistic is the 1 million share block printed through the offer.? If so it appears the trade bought stock and sold calls for the .14 credit which would be an odd play but one where the customer really wanted to own the stock.
- IV 30 is trading for 90%.?
- HV10 is trading for 65%.?
- 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.