1401 MCP Jun 1 calls went up in 1 block with total volume is over 4000 contracts on the strike with IV going up.?
Call sellers in LNCO- buy writers jumping in
Shares of LinnCo LLC (LNCO) are down .23 to 11.96 today. ??LNCO is near the bottom of the 52 week range.
Paper traded 5000 LNCO Mar 12 calls at .60.?
- The ADV is 2921 contracts.
- The OI is 477 contracts.
The volume went up in 1 block.? The trade went up looking very much like a call buy writer. LNCO is paying a .1042 per month. So the trader is looking to boost yield by 3x for the carry to Mar.
- IV 30 is trading for 61%.
- HV10 is trading for 68%.
- IV 30 is trading below the HV 10.
Linn Co, LLC (Linn Co) sole purpose is to own LINN Energy, LLC (LINN) units. LINN is focused on the development and acquisition of oil and natural gas properties, which include various producing basins within the United States. LINN?s properties are located in eight operating regions. It includes Mid-Continent, which includes properties in Oklahoma, Louisiana and the eastern portion of the Texas Panhandle; Hugoton Basin, which includes properties located primarily in Kansas and the Shallow Texas Panhandle; Green River Basin, which includes properties located in southwest Wyoming, and Permian Basin, which includes areas in west Texas and southeast New Mexico. On May 1, 2012, LINN completed the acquisition of certain oil and natural gas properties located in east Texas. In December 2013, Linn Energy LLC and Linn Co, LLC (Linn Co) announced the completion of the merger between LinnCo and Berry Petroleum Company (Berry), where LinnCo had acquired all of Berry’s interest.
Put buyers in FAST- early put buyers
The Fastenal Co. (FAST) is trading down 3.31 to 42.46 today. ?FAST is in the low of the 52 week range.
Paper traded 10000 FAST Mar 43 puts for 1.55. ??
- The ADV is 1129 contracts.
- The OI is over 12 contracts.
The volume went up in 1 block.? The put buyer was timely with other put buyers jumping into the Mar 44s.? This looks like a straight put buy with the puts now 1.80 bid as of this writing.? The trader was looking for a move down on news and got it so far.
- IV 30 is trading for 26%.
- HV10 is trading for 18%.
- IV 30 is trading below the HV 10.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies in North America. Fastenal sells different types of industrial and construction supplies in the product categories, such as threaded fasteners and miscellaneous supplies, tools, metal cutting tool blades and abrasives, fluid transfer components and accessories for hydraulic and pneumatic power, material handling, storage and packaging products, janitorial, chemical and paint products, electrical supplies, welding supplies, safety supplies, metals, alloys and materials, and office supplies.
Calls trade in MCP ? traders covering shorts
Shares of Molycorp (MCP) are down .04 to .75 today. ?MCP is near the bottom of the 52 week range.
Paper traded 1401 MCP Jun 1 calls for .26.?
- The ADV is 6692 contracts. ?
- The OI is 8242.
The volume went up in 1 block.? Total volume is over 4000 contracts on the strike with IV going up.? New Mar leaps were listed on the jump in recent volume.? It appears traders are buying calls and puts in the name on expectations of more movement.
- IV 30 is trading for 219%.
- HV10 is trading for 408%.
- IV 30 is trading under the HV 10.
Molycorp, Inc. (Molycorp) is an advanced material manufacturer. With 25 locations across 10 countries, the Company produces a range of specialized products from all 16 naturally occurring rare earths (lights, mids, and heavies) and five rare metals (gallium, indium, rhenium, tantalum, and niobium). The Company produces rare earth magnetic materials through its Molycorp Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet powders, used to manufacture bonded NdFeB permanent rare earth magnets.