Friday, August 14, 2009

Unusual Friday Options in Chevron (CVX)

Chevron Corp. (NYSE: CVX) held up incredibly well today considering the huge drop in oil prices. The most extraordinary supply most it was not the stock… CALL OPTION ACTIVITY was off the charts..This looks more same super dividend capture trading than anything sinister or brewing…

AUGUST $60.00 calls traded 18,280 contracts vs. 1,996 contracts in the open interest while the $65.00 CALLS traded some 124,330 contracts versus open interest of 9,238 contracts.  But Sept was unbelievably active in disposition Options:

Strike…   Volume     Open Int.
$45.00..   363,000    24,333
$50.00..   170,000   11,442
$55.00..   28,015      2,122
$60.00..   20,029    5,059

JON C. OGG
AUGUST 14, 2009


No comments:

Post a Comment