Western Refining (WNR) adds $1.03 to $15.85 and 15,000 calls traded in the refiner. Put volume is 840 contracts. June 17 calls, which are 7.3 percent OTM, are the most actives. 4,470 traded. May 15, May 16, Jun 16, June 18 calls are busy as well. Briefing cites renewed M&A chatter.
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.