Friday, August 10, 2012

Interesting Trading Activity Today Re: OAS

This is not an investment site, but this was an interesting comment that was sent my way, linking this story:
Oasis Petroleum (OAS) saw wild options trading in the last hour of the session on Friday, and finished the day trading 8,861 calls, or roughly 25X daily average.  Even more impressive was the surge in Implied Volatility with IV30 jumping to 64.2%, climbing more than 50% on the day, and this type of late Friday options activity and IV surge reminds we of a few occurrences in the past three years that took place before a weekend takeover announcement, one that comes to memory is Massey Energy (MEE) which I spotted late on a Friday and highlighted on Twitter allowing many to cash in on the deal.
Again, I'm just posting this / linking this as information, nothing more, nothing less. Make no investment decisions based on what you read at this blog. 

I can hardly wait until Monday.

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