Western Refining (WNR), an El Paso, TX oil and gas refiner, is up 4.7 percent to 4.7 percent to $5.11 and directional order flow is bullish, with 3,100 calls and 410 puts traded so far. Aug 5 calls are the most actives. 1935 traded (89 percent Ask). Sep 6 calls traded 859X (70 percent Ask). The action might close. No news in the name. Earnings due out Aug 5, before market.
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.