OptionsHouse

Options Trading News

December 21, 2012  Fri 12:07 PM CT

TLM: SEE CHART GET CHAIN FIND STRATEGIES
Call selling tops today's option activity in Talisman Energy as shares remain trapped in a range.

optionMONSTER systems show that a trader has sold 5,000 July 12 calls, with a block of 3,029 going for the bid price of $0.80. There was no open interest at that strike, so this is a new position.

The options were likely sold against a long stock position as a covered call trade. This strategy would be bullish up to the $12 strike price but not beyond. (See our Education section)

TLM is down 1.45 percent to $11.23 this afternoon as it continues to hold support at $11 in place for the last month. This comes after the oil and natural-gas exploration company sold off from a 52-week high above $15 in mid-September and gapped down from above $12 on the last day of October.
Share this article with your friends


OptionsHouse

Premium Services

Education & Strategy

The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

View more education articles »