Nabors Industries (NBR), the oil and gas drilling company boasting the largest land fleet in N. America, is seeing unusual volume. Shares started climbing early and were recently up $1.81 to $25. Meanwhile, options volume is 7X the average daily, with 27K calls and 5,100 puts traded. Jan 25 calls are the most actives. 9,250 traded, with 72 percent trading at the ask. Another 9200 Feb 26 calls also changed hands.
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.