Active trading in Harvest Natural Resources (HNR) for a second day. The stock was up and options were actively traded yesterday after the company said it was in talks to sell a 32 percent stake in Petrodelta (see 3/6 color). Shares are up 59 cents to $8.29 today and the top options trade on the Houston, TX oil and gas company looks like a Jun 7.5 – 10 bullish risk-reveral at five cents, 2500X to open.
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.