Sandridge Energy Inc (SD) $11.93 +10.45%
Sandridge Energy (SD) shares are up 11 percent to $12 after the company announced plans for an offering of its SanDridge permiam trust. Meanwhile, a noteworthy options trade in SD is a June – September 8 put spread, bought at 27 cents, 9000X. It likely rolls a bearish position or hedge out an additional few months. The June 8 puts, which are now 33.3 percent OTM, traded for just a penny. Both contracts now traded 10000X. Jun 11, Jun 12, and Dec 14 calls are seeing noteworthy volume as well.
Category: All Stocks, Mid 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.
