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MarkWest Energy Partners is up sharply after reporting earnings thjis morning, and traders are looking for more gains in coming weeks.
optionMONSTER's Heat Seeker system detected the purchase of 3,000 March 65 calls for $1 to $2.15 in early trading. These are clearly new positions, as their volume was above previous open interest in the strike.
Long calls lock in the price where investors can buy a stock, which lets them position for a rally with limited capital. That can be safer than purchasing shares directly because only the cost of the options can be lost on a pullback. The calls can be sold anytime before they expire but will lose value if the stock falls. (See our Education section)
MWE is up 7.37 percent to $64.83 today, breaking out of a range that had been in place for more than a month. The natural-gas pipeline operator fell sharply after beginning 2015 above $69 but bounced at $54 in mid-January.
Total calls in the name outnumber puts by nearly 3 to 1 so far in the session.
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MarkWest Energy Partners LP
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CODE : MWE |
ISIN : US5707591005 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
MarkWest Energy is a and oil exploration company based in United states of america. MarkWest Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 11.1 billions as of today (€ 9.9 billions). Its stock quote reached its lowest recent point on May 01, 2009 at US$ 10.05, and its highest recent level on September 25, 2015 at US$ 48.00. MarkWest Energy has 231 560 000 shares outstanding. |