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

Largest option trades in equities

July 16, 2014

Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER