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Re: Doubledown75 post# 1609

Wednesday, 05/03/2017 3:39:00 PM

Wednesday, May 03, 2017 3:39:00 PM

Post# of 3370
Traders pile into energy puts as oil hits 2017 low

Oil's down just a hair this session despite somewhat bearish EIA inventory data, but at $47.62 is down about 12% in less than a month and at its lowest level since November.

Put volume is spiking today, with 140K USO June $9.50 puts purchased for $0.27 each vs. previous open interest of about 30K, according to Bloomberg.
Overall USO put volume today is 2.5x the 20-day average.

There's also 80K June $33 puts purchased for $0.80 each for the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP). Put volume in XOP today is 1.9x the 20-day average.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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