Murphy Oil Corp (MUR) $62.83 -1.07%
Murphy Oil (MUR), an El Dorado, AR oil and gas company, is down 62 cents to $62.89 and investors are showing interest in MUR Oct 62.5 puts. 3,557 traded (96 percent Ask) vs. 2,532 in open interest. Oct 57.5 calls are seeing interest as well. Shares touched 52-week highs of $78.16 in late-April, but have been trading lower and lost 19.5 percent since that time. Today’s downside put buyers seem to be bracing for additional losses in shares through mid-October.
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.
