Oil & Gas
Phillips 66 (PSX) $54.14 +3.44%
Phillips (PSX) adds $1.41 to $53.74, new 52-week highs, in active trading of 2.4 million shares. Options volume is running 2.5X the daily average, with about 31,000 calls and 955 puts so far. Recent trades include a 1200-lot of May 50 calls for $7 per contact when the market was $6.7 to $7 and looks [...]
Marathon Petroleum Corporation (MPC) $60.60 +2.03%
Marathon Pete (MPC) adds $1.22 to $60.62 and an Apr 75 – 85 call spread is bought on the stock for 60 cents, 10500X. Looks opening and very similar to the spread traed that just went off in Phillips 66 (see PSX color).
Phillips 66 (PSX) $52.19 +2.39%
Phillips 66 (PSX) adds $1.26 to $52.23 and a May 65 – 75 call spread trades on the stock for 82.5 cents, 12000X, on PHLX and $1, 3875X on CBOE. Looks like the initiator bought-to-open and the spread not tied shares. PSX saw similar action in Jan 50 – 55 and Jan 55 -60 call [...]
Sandridge Energy Inc (SD) $7.00 +3.09%
Sandridge Energy (SD) adds 17 cents to $6.96 and one investor sells 12,000 Jun 6 calls on the stock at $1.59, to cloe, while opening a Jun 7 – 9 call spread for 63.5 cents, 24000X (data may be missing due to system outage). Looks like a roll. Some of the Jun 6 calls were [...]
Nexen Inc (NXY) $24.66 +0.82%
Nexen (NXY) is up 24 cents to $24.70 and a Dec 25 – 27 (1X2) call ratio spread is bought on the stock for $1.10, 8800X. The same 1X2 traded yesterday for $1, 9000X and today’s open interest numbers indicate a new position in both legs of the spread. So, today’s activity possibly adds to [...]
Energy Transfer Equity LP (ETE) $45.52 +2.13%
Energy Transer Equity LP (ETE), a Houston-based owner and operator of energy assets in natural gas and propane markets, is up 97 cents to $45.54 and options volume on the ticker is running nearly 10X the daily average. The flow is concentrated in Jan 50 calls, where 9,050 traded against 155 in open interest. The [...]
Anadarko (APC) Sees Biggest Trade of the Day
More than 100,000 call options traded in Anadarko (APC), with one spread accounting for 85 percent of the volume. 59,000 Jan 80 calls were sold on APC at $1.15 and 27,000 Mar 75 calls bought for $5.25 per contract. Open interest in Jan 80 calls is 81K and the largest block of OI in the [...]
Stone Energy (SGY) $20.81 +6.07%
Stone Energy (SGY) adds $1.08 to $20.70 and is rallying on news Freeport McMoran (FCX) is interested in McMoran (MMR). SGY is apparently in the same space as MMR. 1,280 Jan 21 calls traded in SGY against 29 in open interest. The contract is being bought-to-open for $1.30 and $1.35 and today’s volume in the [...]
Nexen Inc (NXY) $24.45 -1.37%
Nexen (NXY) is off 32 cents to $24.47 and early trades on the Canadian energy company include a 5,000-lot of Dec 18 puts, bought for 35 cents per contract. More than 21K now traded against 12K in open interest. 30-day Implied Volatility in options on the stock is up 16.5 percent to 79, as there [...]
Southwestern Energy (SWN) $34.90 +0.55%
Southwest Energy (SWN) adds 37 cents to $35.08 in active trading of 1.4 million shares and options on the Houston, TX energy company are busy this morning. About 6,600 calls and 920 puts so far. Dec 37 calls are the most actives. 3,135 traded. Dec 36 and 38 calls are seeing interest as well. While [...]
