Learn the trade here. Make it on tradeMONSTER

Options Trading News

September 16, 2013  Mon 12:20 PM CT

APC: SEE CHART GET CHAIN FIND STRATEGIES
One big investor thinks Anadarko Petroleum will keep going and going.

optionMONSTER's Heat Seeker monitoring program detected the purchase of 6,100 October 95 calls $3.10. An equal number of October 92.50 calls were sold at the same time for $4.40 but volume was below open interest in those, so it appears that a winning trade rolled to the higher strike.

By adjusting the position this way, the trader collects a credit of $1.30 while staying in the game for continued profits if Texas-based oil driller keeps rallying. (See our Education section for more on how options can help you manage positions more effectively.)

APC is down 0.46 percent to $94.27 in afternoon trading but is up 27 percent so far this year. It's been climbing along with other domestic energy names, consolidating above its previous all-time highs from early 2012.

Total option volume is slightly above average in APC today. Calls outnumber puts by a bullish 8-to-1 ratio.
Share this article with your friends


Related Stories

APC

Trader buys time for Anadarko rally

November 13, 2014

The oil and gas producer has been range-bound since mid-October, but one investor is buying more time for the stock to break out.

APC

Anadarko bulls are keeping the faith

November 11, 2014

Traders are keeping the faith in the oil and gas company, even after a big selloff that took the stock down 18 percent in recent months.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER