| What's behind puts in Arch Coal | |
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Arch Coal has rallied hard since trading down to $1 early this month, and traders appear to be protecting those gains.
optionMONSTER's Depth Charge system detected heavy buying in the October 4 puts this morning, with more than 5,000 trading mostly for $1.11 and $1.15. This represents new positioning, as open interest in the strike was just 1 contract before the trades appeared.
Long puts lock in the price where a stock can be sold no matter how far it might drop, gaining value in a selloff. The contracts can be purchased either as an outright bearish bet or a hedge on a long-stock position. (See our Education section)
ACI is up 28.09 percent to $6.52 in early trade. The coal miner is still down more than 70 percent this year but bounced from its $1 low on Aug. 6 .
Total option volume in the name is already quadruple its full-session average for the last month. Overall puts are eclipsing calls by nearly 2 to 1.
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Arch Coal Inc
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PRODUCTEUR |
CODE : ACI |
ISIN : US0393801008 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Arch Coal est une société de production minière de charbon basée aux Etats-Unis D'Amerique. Arch Coal détient divers projets d'exploration en USA. Ses principaux projets en production sont WEST ELK, BLACK THUNDER et JACOB'S RANCH en USA et son principal projet en développement est SPRUCE N° 1 en USA. Arch Coal est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 366 000 US$ (317 981 €). La valeur de son action a atteint son plus haut niveau récent le 27 juin 2003 à 99,96 US$, et son plus bas niveau récent le 04 octobre 2018 à 0,01 US$. Arch Coal possède 36 600 000 actions en circulation. |