Marathon Oil Corp (MRO) $49.76 -0.64%
Marathon Oil (MRO) loses 45 cents to $49.63 and the April 45 – 50 call spread is sold at $3.34, 20000X. It’s possibly a roll up in strike prices, from in-the-moneys to at-the-moneys. If so, it probably exits one leg of April 41 – 45 bullish risk-reversals that saw heavy trading on 1/13. Shares are up 15.4 percent since that time.
Category: All Stocks, Large Cap Stocks, Oil & Gas Producers
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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.
