Cabot Oil and Gas (COG) adds 39 cents to $34.23 and one strategist apparently sells 10,000 Apr 25 puts on the stock at 19 cents to buy an April 35 – 30 (1X2) call ratio spread for 72 cents, 10000X. The three-way, for 53 cents on AMEX, looks like a new position and comes after a 6.4 percent slide in the stock since earnings were reported on 2/17.
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.