The Options Insider

Massive Block of Jun XLF Puts Trade

by | Apr 17, 2015 | Unusual Activity

80000 XLF Jun23/Jun 24 puts went up in 4 blocks marked combo.?

Puts trade in XLF- massive put blocks in Jun

?unusual options activity: calls trade in XLF

Shares of Financial Sector Select (XLF) are down .30 to 24.16 today. ??XLF is near the middle of the 52-week range.

  • Paper traded 80000 XLF Jun23/Jun 24 put for .24 and .54.
  • The ADV is 94k contracts.
  • The OI is 4724.

The volume went up in 4 blocks marked combo.? Total volume went up on the ISE and as of this writing now stock in a 8 million share block went up against it.? The trade is either protection or a big bet on falling prices in XLF.

  • IV 30 is trading for 13%.
  • HV10 is trading for 4.7%.
  • IV 30 is trading above the HV 10.

Financial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Financial Select Sector Index (the Index). The Index includes companies from the following industries diversified financial services; insurance; commercial banks; capital markets; real estate investment trusts (REITs); consumer finance; thrifts and mortgage finance; and real estate management and development. The Fund?s investment advisor is SSgA Funds Management, Inc.

 

Calls trade in OIH- call blocks go up

?OIH

Shares of the Market Vectors Oil Services ETF (OIH) are down .53 to 37.37 today. ??OIH is near the low end of the 52 week range.

  • Paper traded 13200 OIH Jun 41 calls for .45.
  • The ADV is 24103 contracts.
  • The OI is 4 contracts.

The volume went up in one big block on auto ex on the ISE.? The trade as placed looks bullish with the trader thinking OIH continues to recover to slightly higher levels before the price of oil tanked.? There was no stock tie with this trade posted.

UA last profiled OIH on Apr 6th with a trader rolling to get long May 35 calls.

  • IV 30 is trading for 27%.
  • HV10 is trading for 34%.
  • IV 30 is trading below the HV 10.

OIH is a rules-based index intended to track the overall performance of 25 of the largest U.S. listed, publicly traded oil services companies

 

Puts trade in CDE- massive put trade

?CDE

Shares of Coeur Mining Inc. (CDE) are up .03 to 5.72 today. ?CDE is near the lower end of the 52 week range.

  • Paper traded 9300 CDE Sep 5.5 puts for .80.
  • The ADV is 1832 contracts.
  • The OI is 6 contracts.

The volume went up in 3 blocks on the CBOE.? These are large blocks of puts aiming that CDE makes new lows. ??They could be against a stock position since the term is pretty long.? Either way this is a big bet on CDE drifting lower or for some protection into year low ranges.

  • IV 30 is trading for 62%.
  • HV10 is trading for 85%.
  • IV 30 is below the HV 10.

Coeur Mining, Inc., formerly Coeur d’Alene Mines Corporation, is a silver producer and gold producer company. The Company has assets located in the United States, Mexico, Bolivia, Argentina and Australia. Its properties include Palmarejo mine, Mexico; San Bartolome mine, Bolivia; Kensington mine, United States; Rochester mine, United States; the Endeavor mine, Argentina, and Wharf gold mine, United States.