Buying calls, selling puts? Range Resources (RRC) is seeing five times its average daily volume on active trading in RRC LEAPs deep OTM puts and calls. Shares are up $2.94 to $72.54 after KeyBanc lised it, along with six other stocks (COG, CRZO, CRK, KWK, XCO, WLL) as their top small/mid cap oil and gas picks. Firm expects commodity prices to remain elevated amid worldwide demand growth, geopolitical uncertainties, and global supply/demand fundamentals.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.