Weatherford (WFT) adds 42 cents to $14.35 and 22,650 Oct 15 calls traded on the oil driller. A 6000-contract block that traded for 21 cents per contract on the ISE about 13 minutes into today’s session is an opening buyer, according to data from the exchange. Oct 15 calls on WFT are 4.5 percent OTM with a .33 delta, 4,605 in open interest, and expiring in one week. The market is now 26 to 27 cents. Nov 15, 16 and 17 calls on the stock are seeing interest as well. No news to explain the increased activity in WFT upside calls. Earnings due out Oct 25 — which is after next week’s expiration.
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.