H2 2016 vols sold off a bit. We saw interest in upside call buying in H12015 WTI as well as ATM put selling. Interestingly, earlier in the morning, circa 17K (9k OTC, 8K on screen) 35$ clh5 puts were bought. We think there is good value in buying a Z6 65/72 call spread versus selling a 40 put (currently z