30000 XOP Oct 36/37 put spreads went up in two blocks on the ARCA
Shares of the SPDR S&P Oil and Gas Explorers (XOP) are up 1.55 to 38.62 today. ?XOP is near the lower end of the 52 week range.
- Paper traded 30000 XOP Oct 36/37 put spreads for .23. ?
- The ADV is 61141 contracts.?
- The OI is 30556 and 557 contracts.
The volume went up in two blocks on the ARCA.? This trade looks like a close on the 36 puts and a buy of the 37 puts.? The trader is rolling their protection up to the 37 strike or trying to play for a drop after the sharp rally.? The 37s as priced went up outside the offer so they are most likely a buy.
- IV 30 is trading for 43%.?
- HV10 is trading for 54%.?
- IV 30 is trading above the HV 10.
SPDR 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. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges. The Oil & Gas Exploration Index is a modified equal weight index. SSgA Funds Management, Inc. is the Fund’s investment advisor.