Market News

November 25, 2016  Fri 5:16 AM CT

Traders are selling puts in Oasis Petroleum for the second time this week.

OptionMonster's monitoring programs show that 4,000 December 11 puts were sold for $0.25 and $0.30 at the same second on Wednesday. This is clearly a new position, as volume was more than 5 times the open interest in the strike, and follows selling in the December 13 puts on Monday.

Short puts lock in a price where investors must buy a stock, while letting them collect premium. Traders use the technique when they like a stock and think that the risk of a big drop is limited. (See our Education section)

OAS rose 0.77 percent to $13.15 on Wednesday and is up 39 percent in the last three months. The oil and natural-gas company's next quarterly results are estimated for release after the close on Feb. 23.

Overall option volume was about average in OAS on Wednesday.

News Archives


The fastest money in the market VIEW FULL REPORT

Education & Strategy

President John F. Kennedy, Thanksgiving 1963

This Proclamation by JFK was delivered November 4, 1963. It proclaimed November 28, 1963 as a day of national thanksgiving.

More education articles »