Spectra Energy Corp (SE) $28.87 +1.87%
Spectra Energy (SE) adds 56 cents to $28.90 and a Dec – Mar 26 put spread trades on the Houston, TX natural gas producer for 80 cents, 360X on ISE. The timespread has traded 1300X total and sentiment data indicate an opening position. If so, it’s possibly a bet that shares will hold above $26 through the December expiration (4 weeks) and then trade lower through the first quarter 2012. Shares have performed well lately, up 20 percent since September. Earnings were last reported on Nov 3.
Category: All Stocks, Large Cap Stocks, Utilities
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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.
