Chesapeake Energy Corp (CHK) $18.13 +4.99%
Chesapeake (CHK, news, chart, volatility) is up 96 cents to $18.23 and 40,000 CHK calls have traded on the day, compared to 14,000 puts. Today’s action comes amid renewed takeover chatter, with Exxon Mobile (XOM) mentioned as a possible suitor (per Briefing). Sentiment is decidedly mixed, however. January 17.5 and 20 calls are most actives. Almost 27,000 contracts (all in fewer than 900 ) but less than half traded ask-side.
Category: All Stocks, Large Cap Stocks, Oil & Gas Producers
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
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.
