6,000 WPX July 13 calls traded for .35 tied to 91,500 shares of WPX sold at 11.55.
WPX Energy Inc., trading 11.72 (up .03) with an IV30 of 44 (up .80) and an HV10 of 33.81, is seeing heavy July call action.? The stock, with an ADV of 3,000 and an OI of 110,000, is seeing heavy July 13 call buying some through call sweeps and electronically outright, but the primary trade was a purchase of 6,000 of the July 13 calls for .35 tied to 91,500 shares of WPX sold at 11.55.? On the day more than 10,200 of these calls have been bought.
This appears to be a customer that thinks the stock is going to start moving and moving fast.? With the stock tie the trader needs WPX to move quickly through 13 or significantly lower in the near future.? The trader wanted volatility and has a bull bias.
This trade should be considered aggressively bullish volatility and bullish the underlying.