9500 CVX Dec 100/105 call spreads went up in 2 blocks & are new paper trying to generate yield.?
Calls trade in CVX- call spread sellers
Shares of the Chevron Corp. (CVX) are down .34 to 93.17 today. ???CVX is near the bottom of the 52 week range.
- Paper traded 9500 CVX Dec 100/105 call spreads at .65.
- The ADV is 33828 contracts.
- The OI is 6199 and 5079 contracts.
The volume went up in 2 blocks on the PHLX marked spread. ??These calls spreads are new paper trying to generate yield.? CVX keeps slipping and this spread looks like they want to roll down with it.
- IV 30 is trading for 20%.
- HV10 is trading for 13%.
- IV 30 is trading above the HV 10.
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant.
Calls trade in FAZ- call buyer looking for a meltdown
Shares of Direxion Daily Financial Bear 3X ETF (FAZ) are up .29 to 10.40. FAZ is near a 52 week low.
- Paper traded 5528 FAZ Jul 24 Weekly 10.5 calls for .02.
- The ADV is 5253 contracts.
- The OI is 2647 contracts.
The volume went up in 1 block on BATS on a sweep.? This trade wants financial stocks to go down in a hurry and is already up .04 bid.? This is looking like a fast money sweep and as of this writing still open.
- IV 30 is trading 37%.
- HV10 is trading for 23%.
- IV 30 is trading above the HV 10.
Direxion Daily Financial Bear 3x Shares (the Fund) seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market.
Calls and puts trade in PTEN- call buyers and put sellers
Shares of Patterson-UTI Energy, Inc. (PTEN) are up .06 to 16.76 today.? ?PTEN is near the bottom of the 52 week range.
- Paper traded 2000 PTEN Feb 20 calls over Feb 14 puts for a .05 debit. ??
- The ADV is 1919contracts.
- The OI is over 10k contracts on both strikes.
The volume went up in two blocks on the ARCA marked spread.? ?There is size OI on each strike so the customer is closing a collar for great prices or scaling into a risk reversal looking for a big bounce in PTEN share price.
- IV 30 is trading for 45%.
- HV10 is trading for 43%.
- IV 30 is above the HV 10.
Patterson-UTI Energy, Inc. owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company operates in three segments: Contract Drilling; Pressure Pumping, and Oil and Natural Gas.