| Traders see end to slide in Consol | |
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Traders are betting that Consol Energy will hold its ground after falling to its lowest price in more than a decade.
optionMONSTER's tracking systems show that about 13,000 September 13 puts were sold mostly for $0.40 to $0.61 today. This represents new positions, as open interest in the strike was only 1,899 contracts before the session began.
The traders collect the premium from the option sales and are looking for CNX to stay above $13 through expiration in mid-September. If the stock falls below that strike price, these put sellers will be on the hook to buy shares at that level. Investors sometimes sell puts this way in hopes of picking up a stock at an effective discount to existing levels. (See our Education section)
CNX is up 1.67 percent to $14.63 near midday trading but is still down about 48 percent in the last three months. The natural-gas and coal company bounced off an 11-year low of $11.46 on Aug. 24.
Overall option volume in the name already exceeds 14,500 so far today, double its full-session average for the last month.
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Consol Energy Inc.
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PRODUCTEUR |
CODE : CNX |
ISIN : US20854P1093 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Consol Energy est une société de production minière basée aux Etats-Unis D'Amerique. Consol Energy est productrice de charbon en USA, et détient divers projets d'exploration en USA. Son principal projet en production est BUCHANAN en USA. Consol Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,3 milliards US$ (4,6 milliards €). La valeur de son action a atteint son plus haut niveau récent le 06 juin 2008 à 99,79 US$, et son plus bas niveau récent le 26 avril 2019 à 10,00 US$. Consol Energy possède 223 758 284 actions en circulation. |