A flurry of over 1000 AXLL calls traded where paper was lifting the offer and in some cases paying through the offer.

Upside call buyers in AXLL- Early buyers

AXLL

Shares of Axiall Corp. (AXLL) are up 1.15 to 43.75.? AXLL is near the middle of the 52 week range.

Paper traded 540 AXLL May 50 calls for 2.05. ?

  • The ADV is 275 contracts.
  • The OI is 12 contracts.

The volume went up in 2 blocks.? A flurry of over 1000 calls traded where paper was lifting the offer and in some cases paying through the offer.? Most of the volume traded in a 3-minute time span so the investor was in a hurry to get filled on this one.

  • IV 30 is trading for 33.
  • HV10 is trading for 13.
  • IV 30 is trading over the HV 10.

Axiall Corporation (Axiall), formerly Georgia Gulf Corporation is a manufacturer and an international marketer of chlorovinyl and aromatic chemicals and also manufacture and market vinyl-based building and home improvement products.

 

Put roll in SWC- Keeping the short puts alive.

SWC

Shares of Stillwater Mining Company (SWC) are down .08 to 12.84 today.? SWC is near the low end of the 52 week range.

Paper traded 3946 SWC Nov/Dec 14 put spreads for .10.?

  • The ADV is 1101 contracts.
  • The OI is 4099 and 16 contracts.

The volume went up in 2 blocks.? This roll is a standard wheel trade where the trade is maintaining a short put position and trying to pick up an extra .10 by rolling out to Dec.? With Nov expiring tomorrow this is the last real shot at rolling the puts.? The trade is looking for SWC to bounce.

  • IV 30 is trading for 40.
  • HV10 is trading for 62.
  • IV 30 is trading under the HV 10.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting, refining and marketing of palladium, platinum and associated metals (platinum group metals (PGMs)) from a geological formation in south-central Montana, the J-M Reef, and from the recycling of spent catalytic converters. It is also engaged in expanding its mining operations on the J-M Reef, developing its Marathon PGM/copper property adjacent to Lake Superior in the province of Ontario, Canada and advancing the exploration of its Altar copper/gold property in the province of San Juan Argentina.

 

Calls roll in HUN

HUN

Shares of Huntsman Corp (HUN) are up .28 to 26.31 today. ??HUN is near the middle of the 52 week range.

Paper traded 19783 HUN Nov/Feb 26 call spreads for 1.10.?

  • The ADV is 5064 contracts.
  • The OI is 20954 and 326 contracts.

The volume went up in 2 giant blocks.? This is a rolling buy write trade where the trader is looking to pick up the 1.1 on the buyer write and keep collecting the dividend payments.? This would yield a little over 4% to Feb expiration without the dividend.? The close the short call for parity so the trade landed right at the strike.

  • IV 30 is trading for 27.
  • HV10 is trading for 22.
  • IV 30 is trading over the HV 10.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates its businesses through Huntsman International LLC (Huntsman International). The Company?s products consists a range of chemicals and formulations, which it markets globally to a range of consumer and industrial customers.