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Current DateTime: 01:10:14 09 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Mar.09
10:00 AM ET
Monday, 9 Mar 2009
Duke Energy Sees 'Extremely Unusual' Options Action

Duke Energy is seeing extremely unusual call activity as its shares reach multi-year lows.



Jon "DRJ" Najarian
Cofounder, optionMonster.com

More than 33,000 calls traded at the April 12.50 strike against open interest of just 784 contracts by mid-afternoon Thursday, according to OptionMonster's tracking systems. The huge turnover is more than 15 times the average daily volume.

DUK stock [DUK  Loading...      ()   ] ended Thursday down 3 percent to $12.04, having fallen from $16 in just the last month. (The shares gained 1.66 percent as of this writing Friday.) Traders may believe that Duke and other energy names are approaching a bottom at these levels.

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Other Key Utilities:

American Electric Power [AEP  Loading...      ()   ]

Constellation Energy Group [CEG  Loading...      ()   ]

Progress Energy [PGN  Loading...      ()   ]

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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.com.

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© 2009 CNBC.com

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Current DateTime: 10:06:09 09 Nov 2009
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