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I am the chief derivatives strategist for Attitrade.com. Attitrade is designed to help traders of all levels to breakthrough to proactive trading. With proactive trading, you’ll become the trader you want to be. You’ll be more disciplined, better educated, and therefore more likely to be... More
Decent sized put activity in ETR going way out to January of 2011. Could be considered as protection if the company were to move lower, but they are so far OTM that it strikes the "what the..." thought. Looking at insider trading, there really hasn't been much lately.
FMC saw some decent front-month call activity ahead of earnings today. The May $50 calls saw 4,400 contracts go out while the May $55 calls saw 2,600 go out. The May options will be in play through earnings which is slated for the first part of May.
Earnings Release: Monday, May 4, 2009, after the stock market closes via PR Newswire and FMC Corporation's website at: http://www.fmc.com.
Webcast Conference Call: Tuesday, May 5, 2009, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
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ETR OTM Put Activity
Decent sized put activity in ETR going way out to January of 2011. Could be considered as protection if the company were to move lower, but they are so far OTM that it strikes the "what the..." thought. Looking at insider trading, there really hasn't been much lately.
FMC Call Action
FMC saw some decent front-month call activity ahead of earnings today. The May $50 calls saw 4,400 contracts go out while the May $55 calls saw 2,600 go out. The May options will be in play through earnings which is slated for the first part of May.