Oil & Gas
Devon Energy Corp (DVN) $74.93 -0.12%
Devon Energy (DVN) loses 10 cents to $74.92 and one strategist sold 4500 Mar 67.5 – 72.5 (1X2) call ratio spreads to buy 4,500 Mar 55 puts, collecting 10 cents on the three way, and probably exiting a position opened a few weeks ago. At the time, the same spread traded for 49 cents (see [...]
Southwestern Energy (SWN) $35.73 +3.47%
Southwest Energy (SWN) adds $1.21 to $35.74 and is on 10-day 17.5 percent winning streak. More than 108,000 call options have traded on the stock Thurdsay. March 34 and 36 calls, which have both traded more than 40000 contracts, are the most actives. Some investors are possibly rolling in-the-money calls to out-of-the-moneys after the stock’s [...]
Northern Oil and Gas Inc (NOG) $23.60 -0.17%
Players have been buying Mar 19 puts on Northern Oil and Gas (NOG). Shares of the Wayzata, MN oil and gas companya are down a dime to $23.54 and the top trade is 1009 for 70 cents on ISE. Data indicate an opening buyer. 1,484 were bought to open so far on ISE. Total volume [...]
Weatherford International Ltd (WFT) $17.32 -2.91%
Big Print in Weatherford (WFT) after 50000 Jan 20 calls traded on the oiil driller at $2.02 on ISE when the market was $2.01 to $2.10. Shares are up 52 cents to $17.32 and data from the ISE indicate an opening position traded firm-to-firm. A block of 2.3 million shares traded at $17.66 within minutes [...]
Southwestern Energy (SWN) $33.63 +0.12%
Call volume in Southwest Energy (SWN) is approaching 100,000 today. 14,000 puts traded on the stock and share volume, at 3.2 million, is only about half the typical volume for the name. Morning trades include a three-way, in which 2,500 February 34 calls were sold on the stock at 68 cents and 7,500 March 31 [...]
Cobalt International Energy Inc (CIE) $35.37 +47.99%
Largest gainer among optionable stocks today is Cobalt Energy, up nearly 50% on news of high production from a well in Angola, and while option volume is heavy this morning with 4500 calls and 1500 puts (16x normal), the interesting action was earlier this week. Data on CIE shows heavy volume on Wednesday, and on [...]
Southwestern Energy (SWN) $32.42 -0.22%
Southwest Energy (SWN) loses 15 cetns to $32.34 and options volume on the Houston, TX oil and gas company includes 28,000 calls and 1,500 puts. The top trade is a Feb 31 – 34 call spread for $1.60, 2485X on ISE. Data from the exchange indicate a customer bought to open a postion. The spread [...]
Weatherford International Ltd (WFT) $17.67 -0.67%
Impressive rolling activity in Weatherford today (WFT). Shares are off 6 cents to $17.73 and the top trade in the oil driller is a Feb 17 – Mar 18 call spread for 15 cents, 8278X on PHLX. The same spread traded again for 15 cents, 8278X on PHLX nad multiple times on ISE as well. [...]
McMoRan Exploration Co (MMR) $13.52 +3.99%
McMoran (MMR) adds 38 cents to $13.38 and 13,110 Mar 15 calls traded on the stock, which includes a block of 5880 for 77 cand and 5880 for 78 cents when the market was 74 to 78 cents. Open interest is 6,867 and this apparent call buying comes as shares extend a recent winning streak [...]
Encana Corporation (ECA) $20.30 +2.27%
Encana (ECA) adds 45 cents to $20.30 and Mar 22 – April 23 call spread trades on the stock at even money, 12300X on PHLX. Possibly rolling to March, from a position opened on 12/2 when 16,650 Apr 23 calls traded on ECA.
