40000/11393 USO Jun16 9 puts over 10 puts went up in 2 blocks on the PHLX.?
Shares of Untied States Oil Fund (USO) are down .12 to 10.15 today.? USO is near the middle of the 52 week range.
- Paper traded 40000/11393 USO Jun16 9 puts over 10 puts for .30 and .60.?
- The ADV is 117k contracts.? ?
- The open interest is 568 on the 9s and 87475 on the 10s.
The volume went up in 2 blocks on the PHLX.? This is a large roll down most likely a house money roll where the trader is looking for more of the same and using a big score to do it? it is possible this ratio trade is all opening in which case the spread is a net credit and looking just below $9 or above for a win.? Check the OI to confirm tomorrow.
- IV 30 is trading for 32%.?
- HV10 is trading for 29%.?
- IV 30 is above the HV 10.
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. (the NYSE Arca).