OptionsHouse

Options Trading News

January 4, 2013  Fri 11:16 AM CT

HAL: SEE CHART GET CHAIN FIND STRATEGIES
A large trade is betting on a floor beneath shares of Halliburton as the energy company continues to climb today.

optionMONSTER systems show that one print in the April 29 puts dominates the action in HAL. A trader sold 11,800 of those puts for the bid price of $0.22 in volume that was above the previous open interest of 10,010, so this is a new position.

The put selling is a bet that HAL will close above the $29 strike price at expiration in mid-April. The trader is also showing a willingness to buy shares if they are below that level, for an effective price of $28.78 when the credit from the put sale is included. (See our Education section)

Currently HAL is up 0.69 percent to $36.56, on pace for the highest close since Sept. 17. The oil and natural-gas company is up from support at $30 that held up through mid-November and have not been below $29 since mid-July.
Share this article with your friends


Related Stories

HAL

Trades see Halliburton holding gains

April 12, 2016

The energy-services company has risen 15 percent in the last three months, and traders are betting that any pullbacks will be limited.

OptionsHouse

Premium Services

Education & Strategy

The Problem with Trading Earnings

AP Options specializes in Swing Trading. Swing trading is the art of locating short term, quick, aggressive movements in a stock normally created by the technicals but, can be sometimes created by the fundamentals. These trades, at least in this service, last a couple of days to a week in the majority of cases.

View more education articles »