| Chesapeake Energy sees 2018 puts | |
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Traders are positioning for a possible drop in shares of Chesapeake Energy in the next two years.
optionMONSTER's Depth Charge market scanner shows that more than 22,000 January 2018 3 puts were sold for $1.80 to $1.99 yesterday, including a single print of 17,000 that went for $1.97. Volume was more than 6 times the open interest in the strike, which indicates that new money was put to work.
Long puts lock in the price where a stock can be sold, so they make money to the downside. Investors use them to hedge long positions or to speculate on a drop.(See our Coaching section)
CHK fell 2.74 percent to $3.19 yesterday and is down 54 percent in the last three months. The oil and natural-gas producer is expected to report earnings before the market opens on Feb. 24.
Total puts in the name outnumbered calls by a bearish 4-to-1 ratio.
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Chesapeake Energy Corporation
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DEVELOPMENT STAGE |
CODE : CHK |
ISIN : US1651671075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chesapeake Energy is a producing company based in United states of america. Chesapeake Energy develops natural gas and oil in USA. Its main asset in development is DEEP BOSSIER in USA. Chesapeake Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 64.4 billions as of today (€ 58.0 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.12, and its highest recent level on November 18, 2022 at US$ 99.94. Chesapeake Energy has 909 242 558 shares outstanding. |