Pioneer Natural Resources (PXD) is up $2.98 to $105.64 and has now rallied 8.4 percent this week. One player in the options market seems to be anticipating additional gains in the Irving, TX oil and gas company and sold 5,000 (register to read more …) [...]

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Relative weakness and high volume in ATP Oil and Gas (ATPG) today. Shares of the Houston, TX driller are down 10 percent to $6.33 on volume of 3 million shares, which is more than 6X the expected. Options on the (register to read more …) [...]

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BP is seeing relative strength and high volume today. The stock is up 59 cents to $44.73 on volume of 6.3 million shares, which is almost 3X the typical volume. Meanwhile, 48,000 calls and 9,360 puts traded on the oil (register to read more …) [...]

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Hess (HES) adds 15 cents to $55.14 and the top options trade on the New York-based oil refiner today is a 4,400-lot of Mar 60 calls for 74 cents per contract on ISE. Data suggesting an opening customer buyer. 6,560 (register to read more …) [...]

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Newfield Exploration (NFX) loses $1.05 to $40.23 and one strategist sold 7,000 Mar 35 puts on the stock at 55 cents per contract to buy 3,500 Mar 45 calls for 75 cents. The 1X2 bullish ratio risk-reversal looks tied to (register to read more …) [...]

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CHK Chesapeake (CHK) gains $1.09 to $22.05 and options on the stock are actively traded Monday morning. Natural gas prices, which have been spiraling to decade lows, are up 9 cents to $2.43 after Chesapeake, the second largest natural gas (register to read more …) [...]

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Chesapeake (CHK) loses 15 cents to $20.53 and a noteworthy options trade on the natural gas producer is a Feb 17 – 20 (2X1) put ratio spread, bought for 45 cents, 10000X to open. The new position is tied to (register to read more …) [...]

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Active trading continues in Southwest Energy (SWN). Shares are relatively weak today, down 58 cents to $32.50, after natural gas prices lost another 7 cents to $2.94. On Friday, the company’s CEO warned that budget cuts were in the offing (register to read more …) [...]

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Southwest Energy (SWN) loses 47 cents to $33.18 and options volume on the Houston, TX oil and gas company is running 2.5X the daily average, being driven by a time spread. One strategist sold 6,200 Jan 34 calls on the (register to read more …) [...]

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Petroquest Energy (PQ) adds 21 cents to $7.24 and options action is heating up in the Lafayatte, LA oil and gas company. April 7 calls are seeing the bulk of the flow and the activity has been in smaller lots. (register to read more …) [...]

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