4000 EWC Mar 29 calls went up marked buy-write and if opening, the client is trying for small yield through March
Tiny yield in EWC- call sellers
Shares of the iShares MSCI Canada Index (MSCI) are up .07 to 27.32 today. ??EWC is near the bottom of the 52 week range.
Paper traded 4000 EWC Mar 29 calls at .15.?
- The ADV is 1853 contracts.
- The OI is 4202 contracts.
The volume went up in 1 block.? This trade was marked buy-write and if it opening, the client is trying for small yield through March of .50% before commissions.? Check the OI tomorrow if this was additive to the volume.? If this is a close, it would be unwinding a synthetic put near the bottom in EWC.
- IV 30 is trading for 20%.
- HV10 is trading for 17%.
- IV 30 is trading below the HV 10.
iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Canadian market, as measured by the MSCI Canada Index (the Index).
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Calls trade in EUO- possible close
Shares of the Ultrashort Euro ProShares (EUO) are up .53 to 24.97. ??EUO is making a 52 week high.
Paper traded 450 EUO May 26 calls at .90. ??
- The ADV is 2127 contracts.
- The OI is 6921 contracts.
The volume went up in one large block.? The trade is probably a close on some earlier OI.? UA profiled the May 26 call buyers for .25 several weeks ago.? Paper is also buying the Feb 26 calls for .40 now.
- IV 30 is trading for 27%.
- HV10 is trading for 24%.
- IV 30 is trading above the HV 10.
Ultrashort Euro ProShares (EUO) is a security that double shorts the Euro.
Call rolling in GDP- multiple rolls happening
Shares of Goodrich Petroleum Corp (GDP) are down.04 to 2.55.? GDP is trading at the low end of the 52 week range.
Paper traded 22000/10000/20000 GDP Feb 4/Mar 3/ Jun 2.5 calls for .66 credit.?
- The ADV is 8537 contracts. ?
- The OI is 22000/17000/277 contracts.
The volume went up in 3 giant blocks.? Trade here is a rolling buywrite where the customer had to close the Feb 4s for .05 and Mar 3s for .20 and then aggressively roll to the Jun 2.5s for some yield.? The trader is probably long GDP for sub-$3 and will take short call dollars against the long stock.
- IV 30 is trading for 123%.
- HV10 is trading for 118%.
- IV 30 is trading over the HV 10.
Goodrich Petroleum Corporation is an independent oil and natural gas company. The Company is engaged in the exploration, development and production of oil and natural gas. The Company?s properties are primarily in South Texas, which includes the Eagle Ford Shale Trend, Northwest Louisiana and East Texas, which includes the Haynesville Shale and Cotton Valley Taylor Sand and Southwest Mississippi and Southeast Louisiana which includes the Tuscaloosa Marine Shale.