Hi Bland,
That's a healthy-looking chart. I pulled up the company info as well if anyone wants to take a look:
siliconinvestor.com
It's sitting close to an all-time high, but it's in a strong sector. I'm curious as to why you're looking at March expiry. I know nothing about the oil bidness (sorry, weak Texas joke), so I may not be aware of the cyclicality here.
Purely optionswise, here's what I see: You're choosing some ITM and some ATM calls pretty far out in time. There's not a whole lot of open interest on either of the strikes (24 and 49, respectively), but it looks as though someone was making a speculative play on the 45's on Friday, as 20 were traded.
There's much more OI in the Decembers, especially in the 40's and 45's. This is where I'd place my bets. (Knowing nothing about the industry or the company, mind you!) I've got a bias toward closer-in options, however, and feel more comfortable trading only three months out, rather than six (except for LEAPs).
Is there any particular reason why you're looking at March? |
