Brent's six-month
calendar spread has collapsed, despite the extension of production restraint by Saudi Arabia and its allies in the OPEC+ group and signs of a slowdown in new well drilling in the United States.
Flow noted last week included an opening buyer of 50K May 8/9 put spreads for a dime on Wednesday when shares were near $10.19, an opening buyer of 50K Apr 9.5 - Apr 26th 9.5 put 'stupids' for 23c on Thursday, and a
calendar spread rolling 50K April 9.5 puts out to May 3rd on Friday.
ua Afull
calendar spread across the city with two major Carnivals -- the Dubai Festival City Opening Weekend Carnival and the Burj Park Closing Weekend Carnival.
A
Calendar Spread Trading Simulation of Seasonal Processing Spreads.
This structure brings benefits similar to those of an ordinary risk reversal, and adds the effect of a
calendar spread. The trade's P&L profile will be more rounded than if the investor holds the underlying only, as in the event of a stock decline, the strategy will lose value much more slowly than the spot price.
Hilton Hotels saw a notable option trade this morning in which someone rolled the May 30 calls into the July 30 calls 11,500 times for a for a net debit of 90 cents for the
calendar spread. Before the arm waving and boos to leave the stage for using jargon begin, here is breakdown of the transaction.
Both legs open and the
calendar spread pays off if the stock holds $2 through the February expiration (or doesn't drop 14.1% over the next two weeks) but possibly falls below that level through mid-April.
The 30-day challenge promises a full
calendar spread across the city with two major Carnivals -- the Dubai Festival City Opening Weekend Carnival and the Burj Park Closing Weekend Carnival.
The new position is long 54K Jan 5 puts against a Dec/Jan 6
calendar spread, possibly intended to help offset the cost of the puts.