Murphy Oil (MUR) is down 2.7 percent to $72.64 and May 70 puts are seeing interest ahead of earnings. 4,680 traded (82 percent Ask) vs. 2,330 in open interest. Shares of the oil refiner are on a three-day 6.2 percent skid ahead of the results, which are due out after the closing bell.
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.