The bulls are pouring into Oneok as the pipeline company tries to bounce from long-term support.
OptionMonster's tracking programs detected unusual volume in the August 45 calls yesterday, with buyers paying $0.45 and $0.50 halfway through the morning. Volume quickly ratcheted above previous open interest of 142 contracts, indicating that new money was put to work. More than 6,300 calls eventually changed hands in the strike.
These calls lock in the price where shares can be purchased, providing investors with a relatively inexpensive way to profit from gains. That way they risk only a fraction of the stock's value, which limits the amount of money they can lose in the event of a selloff.