Murphy Oil Corp (MUR) $68.36 +4.51%
Murphy Oil (MUR) is trading up $2.25 to $67.66 and options action is heating up in the El Dorado, AR oil and gas company today. Recent trades include a multi-exchange sweep of 1080 Aug 72.5 calls at 85 cents when the market was 70 to 80 cents. 2,175 now traded. Aug 65, Aug 70 and Sep 67.5 calls are seeing interest as well. 7,480 calls and 690 puts traded in Murphy Oil so far. There’s chatter that Husky Energy is looking at MUR (Briefing). Bullish flow surfaced in the name last week as well (see 7/14 color). Earnings slated for July 27 (after market).
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.
