Feb 10th: HK – 20,000 of the June 30 calls were bought for $0.15. The bullish activity in the name comes the day after Encana (ECA) , Petrochina deal was announced. (Stock was at $20 here and went to $27 in April. Also important to watch names in sectors with M&A. Clear winner)
Feb 11th: HK - The June 17 / 20 3x1 risk reversal traded 3000 x 1000. Buying 1000 June 20 calls and selling 3000 of the June 17 puts and collected .10. (notice they did it for a credit. Stock closed at 19.55 and ran to over $27. Winning!)
July 11th: Trade of the Day: PetroHawk Energy January $25/$21 bull risk reversal for a .77 debit. No one has any excuse to have missed this...
Notice how much they loved the Jan's.
Here's a great post by Joey @ Options Hawk for some some additional reading and option flow in the space. I'd also suggest going over our option flow recaps and digging into the nat gas plays.... and watch for future clues from the option market on what the next winner will be.
*Special thanks to Option Radar, BMO Capital, MEB Options, LiveVolPro, CBOE, Option Monster, T.O.P. group, and all of the options desks and traders we work with to provide the option flow!
No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.