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Puts lead calls 5:1 in Oil Exploration ETF on large spread trades.

Puts lead calls 5:1 in Oil Exploration ETF on large spread trades. Underlying little changed near $30.66 in relatively heavy volume including several large spreads. Earliest was an ARCA trade where a customer bought 2500 Jan 26 puts for 24c, sold 10K Feb 26 puts 47c and sold 3k Feb 35 calls at 46.67c. Sale of the Feb 26 puts are opening, while the Jan 26p/Feb 35c legs may close a long collar from November. Later put trades include a delta neutral buyer of 3K Jan 27 puts for 41c vs 30.3556 and 3K Jan 30 p for 1.25 vs 30.2929, both possibly closing.

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Publication:The Fly
Date:Dec 13, 2018
Words:111
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