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WPX Energy gets attention from call buyers

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Traders are making a long bet on WPX Energy ( WPX ) Friday. So far, 5,116 contracts of the March 16 call have changed hands, against open interest of 694 contracts. Volume has been in the high side of the bid-ask spread today, indicating that these new contracts were bought to open.

InvestorsKeyhole Trade Alert

IK-> The technicals for WPX ($14.10 up $0.04) are bullish with an upward trend. The stock has support about $13.90. Look at the May 10/12 bull-put spread for a 20-cent credit. That's an 11.1% return and the stock has to fall by 14.9% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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