5000 SM Jan2017 30/ May2017 30 put spreads went up in many blocks on all exchanges.?
Shares of SM Energy Co (SM) are down 3.30 to 31.48 today.? SM is near the middle of the 52 Week range.
- Paper traded 5000 SM Jan2017 30/ May2017 30 put spreads for 1.50.?
- ?ADV is 1924.?
- The OI is 5500 and 55 contracts.
The volume went up in many blocks on all exchanges.? The trader is most likely selling to close the Jan?s on the markdown today in SM and roll out to the May?s.? They are either looking for a big drop in SM or hedging stock but either way they are keeping the strike close to the money.
- IV 30 is trading for 70%.?
- HV10 is trading for 53%.?
- IV 30 is above the HV 10.
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America.