Cameron International Corp (CAM) $49.58 -0.48%
Cameron International (CAM) loses 37 cents to $49.45 and a Jan 55 – May 57.5 call spread trades on the ETF at $1.90, 4100X. Looks like a roll, and buying Jan 55 calls for 45 cents to close. The activity possibly adjusts a buy write or covered call play on the Houston, TX oil services company. Shares are down 8.2 percent month-to-date, but are testing a 200-day moving average after a thee-day 9.4 percent rally prior to today.
Category: All Stocks, Large Cap Stocks, Oil Equipment, Services & Distribution
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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.
