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Suncor Energy Inc
TORONTO SU.TO 50,37 CA$ 18,66%
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Suncor puts follow bearish momentum

Publié le 21 janvier 2016

Traders are positioning for more downside potential in Suncor Energy.

optionMONSTER's Depth Charge monitoring program shows that 5,200 March 17 were purchased for $0.72 to $0.90 yesterday. This represents fresh buying, as open interest in the strike was a mere 15 contracts before the session began.

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)

SU fell 3.75 percent to $19.23 yesterday and is down 30 percent in the last three months. The Canadian oil-stands developer is expected to announce its next quarterly results in pre-market hours on Dec. 31.

Overall option volume in SU was 3 times greater than average yesterday. Puts outnumbered calls by a bearish 3-to-1 ratio.

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