OptionsHouse

Options Trading News

April 19, 2013  Fri 9:12 AM CT

CTL: SEE CHART GET CHAIN FIND STRATEGIES
A trader is looking for higher volatility in CenturyLink, which has regained about half of its losses from a gap down in February on quarterly results.

optionMONSTER systems show that more than 12,000 May 35 puts have traded in volume far above the strike's open interest of 892 contracts, clearly indicating new activity. One block of 8,056 was bought for the ask price of $0.40.

At exactly the same time, a block of 100,700 CTL shares was purchased for $37.19. The combination of stock and options creates a long-volatility position. (See our Education section)

CTL is up 0.54 percent to $37.06. The telecom carrier gapped down from above $41 to below $33 on its February earnings announcement and has been slowly regaining some of that ground since then.

More than 14,000 CTL options have changed hands already this morning, about triple its daily average in the last month.
Share this article with your friends


Related Stories

CTL

Notable option activity in equities

March 13, 2015

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.

Invest Like a Monster - San Diego: June 26-27

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »