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
- Garlic Price Rises Surpass Gold, Stocks in China
- New-Home Sales Jump 6.2% To Highest Level in Over Year
- S&P Stocks Trading at New 52-Week Highs
- Where Do Pardoned Turkeys Go?
- The Executive Job Search
- Judge Erases Couple's $525,000 Mortgage Payment
- Salvation Army's Kettles Now Credit Card-Ready
- US Plans to Reduce Emissions By 17% Within Next Ten Years
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Consumer Mood Improves, But Anxiety Over Personal Finances
- 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
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- AIG, Ex-CEO Greenberg Reach Pact to Settle Disputes
- Bank of America CEO Search May Extend Into 2010
- 'Cancer of Fraud' Permeates Health Care System: Critics
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
- For Many in US, It Will Be a Scaled-Down Holiday Season
- Where Do Pardoned Turkeys Go?
- Jobless Claims Below 500,000, Durable Orders Slip
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
RSS FEED
Text Size 
"Fast Money" Contributor
The U.S. Natural Gas Fund is drawing large trades that are apparently counting on its shares to rise 20 percent in the next five months.
More than 31,700 calls traded at the October 20 strike yesterday (Thursday), dwarfing the average volume of 523 contracts, according to OptionMonster's tracking programs. The calls included two large blocks — one of 4,000 contracts and the other of 22,000 — trading at $1.45 within seconds of one another yesterday.
The vast majority of the calls, which were nearly five times the open interest at that strike, were bought at or near the ask price. Those factors suggest that these trades were new positions with a bullish bias. The activity indicates that buyers anticipate the UNG exchange traded fund to reach $20 by the time the contracts expire in mid-October.
The ETF [UNG
Loading...
()
] has been rising in recent weeks but is still not far from its 52-week low of $12.69 hit just April 30, and only about one-fourth of its $63.89 high from last July.
___________________________
Free Options Education:
____________________________
More Natural Gas/Energy Plays:
Chesapeake Energy [CHK
Loading...
()
]
Anadarko Petroleum [APC
Loading...
()
]
United States Oil Fund [USO
Loading...
()
]
Energy Select Sector SPDR [XLE
Loading...
()
]
_____________________________
_____________________________
Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.
_____________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes