Quick Follow-Up to the Baker Hughes (BHI) 10:40 color. The initial trade was a 20000-contract block of Aug 80 calls at $2.33. That trade was apparently canceled and adjusted to 2000 contracts at $2.33 apiece. 3,154 now traded against 3,357 (register to read more …) [...]

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The biggest options trade so far today is in Baker Hughes (BHI), which is up 91 cents to $77.91 and has now rallied 15.8 percent since 6/24. A 20,000-contract block of Aug 80 calls trades at $2.33 on CBOE when (register to read more …) [...]

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El Paso (EP), which prior to today saw an 11.2 percent two-day rally on news it was splitting into two companies, is off 43 cents to $20.68. In early options action, one investor takes a position in the July 20 (register to read more …) [...]

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Baker Hughes (BHI) is up $3.31 to $77.37 and touching new 52-week highs today after the oil driller reported earnings of 87 cents per share, which was 9 cents better-than-expected. In options action, a noteworthy options spread traded this morning (register to read more …) [...]

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Nabor’s (NBR), which saw heavy trading Tuesday ahead of earnings (see 2/15 color – Premium), is trading up 69 cents to $27.43 and has now added 5.7 percent since the results were released. Options order flow is bullish again (register to read more …) [...]

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Williams Companies (WMB) loses 6 cents to $25.97 and showing some resilience after natural gas prices rose 9 cents to $4.65 on the heels of today’s weekly inventory data. In options action, a noteworthy trade in WMB is a buyer (register to read more …) [...]

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Shares of Williams, the natural gas company, has seen shares jump some 13% in the past week to $26.60 and have added 75% since the August lows. Today’s option volume is 6x the daily average driven by spreading in calls (register to read more …) [...]

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Baker Hughes shares are up 50c to $57.70, a new 52-week high, and option volume is 3x the daily average being driven by spreading across the April $42 puts, which have traded 7,000 contracts, and the July $46 puts which (register to read more …) [...]

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Halliburton (HAL) shares are under pressure and implied volatility is ripping higher on reports the “company knew BP cement well was unstable” — Marketwatch. Shares are off $3.15 to $31.27 and options volume surged on the news. 130K puts and (register to read more …) [...]

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Nabor’s (NBR) adds $1.04 to $20.48 and 7,900 calls traded on the oil driller after the company reported a 29-cent per share quarterly profit, which beat Street estimates by 6 cents. Nov 19 calls are the most actives and might (register to read more …) [...]

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