5400/5000 XOP Jan 47 put/Jan 55 call combos went up which?could easily be a closing transaction now that XOP has failed to move higher.?
Combos trade in XOP- looking long close
Shares of SPDR S&P Oil and Gas Explorers ETF (XOP) are down 1.47 today to 49.62.? XOP is at the bottom of the 52 week range.
Paper traded 5400/5000 XOP Jan 47 put/Jan 55 call combos for 1.32 (1 to 1). ?
- The ADV is 69000 contracts.
- The OI is over 33k and 8400 contracts on both strikes.
The volume went up in two large blocks.? Trade on the put strike is close to 17000 contracts as more buyers jump in.? The trade could easily be a closing transaction now that XOP has failed to move higher.? If so the customer is giving up and if not they are adding to the short for a 1.32 debit looking for XOP to tank.? No stock of size went up with this trade.? IV is up 2 points in Jan.
- IV 30 is trading for 47%.
- HV10 is trading for 75%.
- IV 30 is trading under the HV 10.
PDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.
Calls trade in ONNN- size call buying
Shares of ON Semiconductor Corp (ONNN) are up .07 to 9.88. ?ONNN is near the top of the 52 week range.
Paper traded 376 ONN Jan 10 calls for .45. ??
- The ADV is 593 contracts.
- The OI is 5140 contracts.
The volume went up in 1 block.? The trade on the strike is over 6000 contracts pushing up the IV 4.5 points.? ONNN is on a monster run from $6.5 a month ago.? UA saw call buying in the same strike yesterday and they are taking the calls higher still today.
- IV 30 is trading for 36%.
- HV10 is trading for 34%.
- IV 30 is trading over the HV 10.
ON Semiconductor Corporation (ON Semiconductor) designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products. The Company operates in three segments: Application Products Group, Standard Products Group, and SANYO Semiconductor Products Group. The Company’s power management semiconductor components control, convert, protect and monitor the supply of power to the different elements within a variety of electronic devices.
Puts trade in UPL- possible ratio front spread with stock
Shares of Ultra Petroleum Corp. (UPL) are down .84 to 17.82 today.? UPL is near a 52 week low.
Paper traded 3250 UPL Mar 20 puts for 3.35.?
- The ADV is 6194 contracts. ?
- The OI is 7971 contracts.
The volume went up in 1 large block.? The puts traded marked spread with 200k (17.96) shares going up at the same time.? The trade looks like a short put and stock ratio similar to paper going up on Dec 1st.? The trader is looking for UPL to stay in a range or watch the IV come in.
- IV 30 is trading for 58%.
- HV10 is trading for 50%.
- IV 30 is trading under the HV 10.
Ultra Petroleum Corp. (Ultra) is an independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. The Company’s operations are primarily located in the Green River Basin of southwest Wyoming and the north-central Pennsylvania area of the Appalachian Basin. Ultra’s operations in southwest Wyoming are focused on developing its natural gas reserves in a tight gas sand trend located in the Green River Basin with targets in the sands of the upper Cretaceous Lance Pool in the Pinedale and Jonah fields.