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Binary Options Trading Monitor for July 20, 2010: Call Buying in BP

|Includes: BP p.l.c. (BP)

The Binary Options Trading Monitor highlights traditional options trading of the underlying assets currently available on the leading binary options trading platforms. With a focus on short-term activity, binary options traders can use this intelligence to gauge stock sentiment and help assess potential stock movement in the coming weeks.

Notable Options Trading:

BP PLC (NYSE:BP) – Bullish: Sentiment in the embattled Oil & Gas producer has turned pretty positive over the last few sessions in options land. Last week we noted bullish August call spread buying and today we’re seeing September call buying, more specifically 5k September 41 calls purchased for roughly $1.33. Investors would need shares of BP to climb over 20% by expiration to yield a profit. The company is scheduled to report 2Q financial results on 7/27 before the market opens. BP binary options can be traded on the StartOptions platform.

Binary Options Weekly:

This week in the Binary Options Weekly we follow-up on our discussion of how binary options traders can take advantage of patterned stock movement during the last few trading hours of traditional options expiration by providing a list of names to watch closely during this month’s expiration for pin risk strategy implementation. We provide detailed steps on how to potentially profit off this pinning behavior. In addition we discuss recent options flow and how this trading can possibly be a sign of things to come in the markets over the next few weeks.

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Disclosure: No Positions