Weatherford International Ltd (WFT) $17.32 -2.91%
Big Print in Weatherford (WFT) after 50000 Jan 20 calls traded on the oiil driller at $2.02 on ISE when the market was $2.01 to $2.10. Shares are up 52 cents to $17.32 and data from the ISE indicate an opening position traded firm-to-firm. A block of 2.3 million shares traded at $17.66 within minutes of the big block of calls. Another 3.31 million shares traded for $17.50 12 minutes later. Some investors might be selling Jan 20 calls against stock as part of a buy-write on WFT.
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.
