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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Sandridge Energy (SD), which saw hefty buyers of Jan13 7.5 calls Friday and Monday (see12/19 color – premium) and 25K Jan 7.5 calls Thursday (see 12/15 color – premium) jumped this afternoon and is up $1.57 to $8.27 (register to read more …) [...]

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Sunoco (SUN) loses 25 cents to $36.54 and a 5000-contract block of Nov 36 puts is sold-to-open at 33 cents on ISE. Data indicate a customer initiated the trade. 6,930 traded against 953 in open interest. The contract is 1.5 (register to read more …) [...]

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Denbury Resources (DNR) adds 49 cents to $16.50 on better-than-expected earnings and Nov 17 calls are seeing interest early-Tuesday. 7030 traded at a VWAP of 60 cents per contract. The market is now 50 to 65 cents and open interest (register to read more …) [...]

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