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The Market Vectors Oil Services Fund has bounced with the latest rebound in the price of crude, and one large trade is looking for the momentum to continue.
optionMONSTER's Heat Seeker system shows that 5,413 October 33 calls were bought for $0.69 while the same number of October 25 puts were sold for $0.34. Volume was above open interest in both strikes, showing that this is new positioning.
This combination trade is highly bullish because a rally would boost the price of the long calls while decreasing the value of the puts that were sold . But the opposite will occur if the stock drops, and the trader will be on the hook to buy shares if they fall below $25 by expiration in mid-October. (See our Education section)
OIH rose 0.99 percent to $30.54 yesterday. The stock has gained nearly 10 percent in the last week with the rebound in crude oil but is still down more than 43 percent in the last year. The exchange-traded fund's top two holdings are oilfield servicers Schlumberger and Halliburton, which saw bullish option activity on Tuesday and Aug. 27 respectively.
Yesterday's combination trade pushed total OIH option volume well above its daily average for the last month.
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Prb Energy Inc.
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CODE : PRB |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Prb Energy est une société développant des projet miniers et de pétrole basée aux Etats-Unis D'Amerique. Prb Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 214,4 millions US$ (188,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 25 avril 2008 à 0,10 US$, et son plus haut niveau récent le 28 juin 2019 à 24,58 US$. Prb Energy possède 8 722 000 actions en circulation. |