Credit: Shutterstock photoThree minutes after the market opened, an investor rolled out a front-month position in Weatherford International (NYSE: WFT ). More than 5,000 February 14 puts crossed the tape versus open interest of 10,500 contracts, and roughly 3,200 August 12 puts have traded versus current open interest of 180 contracts so far this morning. Investors sold to close the front-month options for one cent per contract and simultaneously bought to open the August 12 puts for 59 cents per contract, paying a net debit of 58 cents for the roll . WFT did not announce any news this morning, and the stock is currently up 14 cents to $15.28 a share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
