| Even more downside seen for Ultra Petroleum | |
| | |
|
Ultra Petroleum is down huge, and traders think it will keep falling.
optionMONSTER's Depth Charge monitoring system detected the purchase of 4,200 January 2018 2 puts for $1.00 to $1.05. Volume was more than 66 times open interest at the strike, which indicates new money was put to work.
Puts fix the price where a stock can be sold, so they make money to the downside. (See our Coaching section.) Investors use them to hedge long positions or to speculate on a drop.
UPL rose 3.63 percent to $2.57 in afternoon trading, and has lost more than 90 percent of its value since mid-2014. The company has struggled with falling energy prices and a heavy debt load.
Overall option volume is triple the daily average so far in the session, according to Depth Charge. Puts outnumbered calls by a bearish 23-to-1 ratio.
More From optionMONSTER
|
|
|
Ultra Petroleum Inc
|
|
|
CODE : UPL |
ISIN : CA9039141093 |
CUSIP : 903914109 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Ultra Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Ultra Petroleum est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,6 millions US$ (23,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 juin 2008 à 99,39 US$, et son plus bas niveau récent le 07 août 2019 à 0,11 US$. Ultra Petroleum possède 197 100 000 actions en circulation. |