Patterson UTI (PTEN) is down 56 cents to $13.16 and some players are showing interest in Sep and Oct 15 calls after Baker Hughes (BHI) bought BJ Services (BJS), sparking speculation that Halliburton (HAL) might make a bid for PTEN — Briefing. Shares aren’t reacting, but options are active and average implied volatility in PTEN options is up to 52, froim about 48 late Friday (52 week high and low = 144 and 44).

1 user commented on " Patterson UTI Energy Inc (PTEN) $13.15 -4.15% "
Follow-up comment rss or Leave a TrackbackLIKE it Fred….interesting play, I bought some HERO this morning, but it might take forever.
Eh, any idea what’s printing on the USB calls this morning? I’m pecking away at the 27.5 JAN line, but OCT&JAN just hit 2500 contracts.
Spread?