Forest Oil Corporation (FST) $18.79 -0.05%
Call buyers are driving the flow in Forest Oil this morning, with a few early sweeps of upside calls early in the day as shares traded nearly 50cents below current levels. Just 2min into the day a buyer paid 40cents for 2500 Nov 25 calls,marked opening customer, and then a few minutes later a buyer came for Nov 20 calls, with a total of 2000 trading for an vwap of $1.56 that trade was also marked opening cust. As of 10am, nearly 4600 calls have traded (vs zero puts), nearly 9x the typicical first 30min volume.
Category: All Stocks, Mid Cap Stocks, Oil & Gas Producers
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About the Author (Author Profile)
Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.
