CNBC Stock Blog
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- No Thanksgiving Rest for Retailers in Sales Race
- Banks Play Down Dubai Exposure, Investors Still Wary
- UK's Darling to Downgrade 2009 Growth Forecast
- Attraction of Switzerland to Businesses
- More Asia Executives Resigned to Economy Flights: Survey
- San Miguel Sells $1.36 Billion Stake to Ally
- Oil Falls Below $75 on Dubai Default Worries
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Rush Starts as Holiday Shopping Season Revs Up
- US Dollar Falls to 14-Year Low Against the Yen
- Car Insurance Scofflaws Raise Health Reform Doubt
- ING Prices Share Issue at Hefty Discount
- Cheap Robotic Hamsters Are Holiday's Unlikely Craze
- EU Names New Leadership Team to Boost Economy
- Tommy Hilfiger's Estate in Conn. Sells for $20 Million
- UK's Darling to Downgrade 2009 Growth Forecast
- Retailers Should Believe in Christmas Miracles
RSS FEED
Text Size 
Managing Editor, OptionMonster
Traders are bullish on the Shaw Group, buying both stock and options contracts after the engineering company announced a strategic deal to help build nuclear power plants in China.
The average daily options volume for the engineering company is just over 5,000 contracts, but more than 32,000 change hands yesterday. Trading was particularly heavy at various May strike prices, from May 27 to May 33, with call buying well above open interest at most of those contracts.
The May 32 strike, for example, saw more than 2,900 calls trade against open interest of just 168 contracts, more than half of them bought for the asking price and therefore a bullish indication.
Trading was also active in July, where 6,001 calls traded against open interest of 1,671 contracts at the July 35 strike and 5,275 puts traded against open interest of 1,841 at the July 25 price. At least one large investor appears to have sold the July 25 puts to fund the purchase of the July 35 calls minutes later in an overall bullish trade.
Options Education:
SGR stock [SGR
Loading...
()
] closed Tuesday trading up 5.44 percent on the day to $30.24. The stock's trading volume of 4.28 million shares was more than 88 percent higher than the daily average, spiking immediately after the China deal hit the wires yesterday morning.
____________________________
Power-Construction Players:
Halliburton [HAL
Loading...
()
]
Chart Industries [GTLS
Loading...
()
]
Foster Wheeler [FWLT
Loading...
()
]
Dynamic Materials Corporation [BOOM
Loading...
()
]
____________________________
___________________________
Mike Yamamoto is an analyst and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes