tradeMONSTER: Trade free for 90 days

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


Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER