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

Big trade bets on Anadarko rally

April 24, 2014

The oil and gas producer is pushing higher today, and a huge call spread is looking for more gains by early next year.

APC

Options led the way in Anadarko

April 4, 2014

The oil driller surged to all-time highs after settling an environmental lawsuit yesterday, and option traders made a killing on the move.

APC

Energy bulls come out in full force

April 2, 2014

Traders have been targeting the energy sector for months, and yesterday the bulls came out in full force with call buying in several names.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER