Western Refining Inc (WNR) $18.96 +2.82%
Western Refining (WNR) adds 64 cents to $19.08 and options action is picking up Wednesday, with 5,570 calls and 1,360 puts traded on the refiner so far. Mar 20 calls, which are 4.7 percent OTM and expiring in 9 days, are the most actives. 4,460 have changed hands at VWAP of 25.9 cents. Data from the ISE indicate a firm is buying to open new positions. Implied volatility in WNR is up 10 percent to 53 and the market on the Mar 20 call is now 30 to 40 cents. Mar 19 puts and 21 calls on Western Refining are seeing some interest as well. No news on the stock today. Shares have performed well in 2012 and are up 43 percent year-to-date. Earnings were reported on 2/28.
Category: All Stocks, Oil & Gas Producers, Small Cap Stocks
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
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.
