Increased Electronic Oil Derivatives Trading Bodes Well for Optionable

| About: Optionable, Inc. (OPBL)

I was looking at back-issues of the Wall Street Journal today and came across an article written in February about the increase in electronic trading of oil derivatives. More important than the significant increase in oil futures trading is that the WSJ expects it to continue:

The new playing field is expected to attract more money as investors look to increase returns in the volatile market. And while the risks to investment grow with volatility, so do the chances for quicker profits.

This bodes well for Optionable, Inc (OTCPK:OPBL), a stock that we looked at earlier this year.

Optionable has witnessed remarkable growth due to the increased trades processed through its OPEX trading platform. This article helps subdue my concern that Optionable's growth may not continue at the rate analysts expect.

This article give me some comfort, which is why I continue to hold the stock. OPBL has historically been a volatile stock but seems to have settled down lately and is right around where I originally bought it. If you are unfamiliar with the stock I recommend you look into it. And if you believe in this sector's growth prospects then OPBL looks very cheap at these prices ($6.55).

Disclosure: Author has a long position in OPBL.OB

OPBL 1-yr chart