Ay Carumba. ADRs of Argentine energy company YPF are off 18% near $25.10 (a new 52wk low ahead of a state of the union address there that may turn out badly for the firm, and option flow is 6x normal with puts leading calls slightly and 30day atmiv up 45points to 100%, also a 52wk record. April 30 puts lead the most actives, with 2300 trading at a vwap of 4.53. That line is the largest open interest, most of which came from buying flow earlier this month in the $1.50 range when shares were near $34.
About the Author (Author Profile)
Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.