Mike Khouw said on CNBC's "Options Action" that he noticed unusually high options activity in Marathon Oil Corporation MRO.
The stock dropped 5.2 percent on Wednesday, but the call options volume was twice the average daily call options volume. There was one particularly large trade in the name. A traders bought 5,000 contracts of the July 13 calls for $0.30. The trade breaks even at $13.30 or 8.93 percent higher.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in