Precision Drilling Corp (PDS) $7.33 +0.14%
Precision Drilling (PDS) is flat at $7.32 per share and options volume is 5X the average daily, on increasing interest in Mar 7.5 and Mar 10 calls. 1,882 and 1,015 contracts traded, respectively, and about two-thirds trading ask-side. With ISEE data at 847 contracts (97 percent of the calls traded on the ISE opening customer buyers), it looks like some investors are looking for shares of the Calgary based oil and gas driller to move higher in the weeks/months ahead.
Category: All Stocks, Oil Equipment, Services & Distribution, Small Cap Stocks
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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.
