Interoil (IOC) calls are active, as the bullish run higher continues. Shares are up .89 to $27.89 and up 213 percent since lows seen in November of last year. Some options players appear to be positioning for more. 2,535 Jan-10 calls at the $40 strike trraded, and almost all of the volume hit ask-side for $4. Existing open interest is 432 and ISEE sentiment data confirm that customers are buying to open calls on the Australian oil and gas refining and market company.
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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.