Oneok is handing investors some fat profits today, and the
entire pipeline group is turning heads.
optionMONSTER's Heat Seeker monitoring program detected buying in
the OKE October 50 calls for $0.80
earlier in the month
. Shares have been rising since, and those calls have now inflated
The stock is back on Heat Seeker today, this time with more than
17,000 October 52.50 calls purchased for $0.65. Those traded
against open interest of just 180 contracts, so new money was
definitely put to work on the long side in a big way.
The investor now has the right to buy OKE for $52.50 on expiration,
no matter how high it may be. That will result in significant
leverage if the stock continues to advance.
OKE is up another 2.37 percent to $47.44 in afternoon trading.
Pipelines have been extremely active in the last week, with other
Energy Transfer Partners
all experiencing unusual call volume.
It's part of a larger trend of increased energy production in the
United States. optionMONSTER's proprietary researchLAB tracking
both outperforming the broader market this year as investors seek
exposure to an industry that's returning to growth after decades of
Total option volume in OKE is 19 times greater than average so far
today, according to Heat Seeker. Calls outnumber puts by more than
30 to 1.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.