StockFetcher Forums · General Discussion · Buy COP in the pre-market tomorrow B4 it spikes up.<< >>Post Follow-up
karennma
6,831 posts
msg #81888
Ignore karennma
10/27/2009 8:21:22 PM

Earnings B4 the bell.

Eman93
4,659 posts
msg #81911
Ignore Eman93
10/27/2009 10:53:41 PM


Thanks for the heads up....... are you in on any calls?

Option Volume Leaders as of 4:20 PMPosted on October 27th, 2009 4:20 pm by TradeAlert in AutoPost

BAC
Bank of America Corporation
Contracts 783,912
Calls 74.8%
Puts 25.2%
$15.45
+0.05

COP
ConocoPhillips
Contracts 584,085
Calls 96.8%
Puts 3.2%
$51.4
+0.66








mystiq
650 posts
msg #81920
Ignore mystiq
10/28/2009 2:45:49 AM

Rank Stock Option Option Symbol Close Change Volume VolumeChange Open Interest OpenInterest Change
1 BAC NOV09 17.5 Call BYOKZ.X 0.18 0.01(2.9%) 199895 141612(243.0%) 216505 7988(3.8%)

karennma
6,831 posts
msg #81922
Ignore karennma
10/28/2009 8:09:18 AM

Eman:
I bot BAC calls yesterday. Posted BAC low @ $15.03 @ 3:00 PM.
Can't get COP calls 'cause I've still got too many others ... "V" , BIDU, AAPL.
:>)



Kevin_in_GA
4,553 posts
msg #81924
Ignore Kevin_in_GA
10/28/2009 9:02:20 AM

CAREFUL HERE:

ConocoPhillips Profit Drops After Oil, Natural-Gas Prices Fall
Share | Email | Print | A A A

By Edward Klump

Oct. 28 (Bloomberg) -- ConocoPhillips, the U.S. oil company that announced plans this month for $10 billion in divestitures, said third-quarter profit fell 71 percent after a collapse in crude and natural-gas prices.

Net income dropped to $1.5 billion, or $1 a share, from $5.19 billion, or $3.39, a year earlier, Houston-based ConocoPhillips said today in a statement on Business Wire.

U.S. oil futures, which touched a record $147.27 a barrel in July 2008, averaged $68.24 in the third quarter, down 42 percent from a year earlier. The average gas price plunged 62 percent. ConocoPhillips said Oct. 7 that it would look to sell about $10 billion of assets over two years and cut capital spending 12 percent in 2010 to reduce debt and boost returns.


THEY DID BEAT EPS ESTIMATES THOUGH, AT $1 VERSUS EXPECTATIONS OF $0.94.



karennma
6,831 posts
msg #81925
Ignore karennma
10/28/2009 9:18:39 AM

OMG!!
OMG!!
"ConocoPhillips quarterly profit DOWN 71 pct"

All those CALLS on Schaeffer!!
You CAN'T just "follow the big boyz".
They'll get slaughtered today!!


From www.whatstrading.com
COP ConocoPhillips 584,085(contracts) 96.8%(calls) 3.2%(puts)


skiiiva
37 posts
msg #81929
Ignore skiiiva
10/28/2009 10:09:29 AM

there are to many diff. option strategies for the volume data alone to indicate the direction of the stock.
you must know if the trades where a buy or sell at bid or ask,
and then you still need to determine if it was to open or close a position

karennma
6,831 posts
msg #81930
Ignore karennma
10/28/2009 10:35:14 AM

Ski:
You're right.
Those traders could've SOLD the calls, not bought them.
Selling those calls would've been a SHORT position.


skiiiva
37 posts
msg #81952
Ignore skiiiva
10/28/2009 3:07:42 PM

they could own the stock and sell calls against it for protection or to collect the time and volatility premium as it decays with the stock trading flat. it could also be some adjustment to a large multi-leg position as well.

karennma
6,831 posts
msg #81953
Ignore karennma
10/28/2009 3:31:27 PM

Skiiva:
Got it.
That "90%" certainly did NOT represent long positions.
Thanks for the feedback.


StockFetcher Forums · General Discussion · Buy COP in the pre-market tomorrow B4 it spikes up.<< >>Post Follow-up

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