Exterran Holdings (EXH), a Houston-based oil and gas services and equipment company, is up $1 to $21.01 and options volume is running 8X the normal levels on increasing interest in May 22.5 calls. 2,025 traded, including 1,624 for 60 cents on the PHLX when bid-ask was 45 to 65 cents. Looks like buyers are dominating the activity and looking for the rally to continue over the next 9.5 trading sessions.
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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.