- Nabors Industries Ltd (NBR) trading $12.93 with an IV30 of 55.74 (up 4.34%) and an HV10 of 56.8% saw ATM call buying today. ?
- The stock (with an ADV of 1965 and an OI of 125,258) saw a customer aggressively sweep the Oct 13 calls. The customer paid $.40 initially before running the options up to $.43 (4600 at this price) and finally paying $.46.
- A total of over 11,850 of these contracts were purchased by the trader against OI of just 2300. ?This is clearly an opening trade.
- This stock has earnings on the 25th of the month so this could be a play on the underlying rallying into or a play on the underling simply moving higher due to movement in Oil.
- This trade is aggressively bullish NBR and bullish volatility.
- Note: Options Insider also profiled sizable call overwriting activity in NBR on 10/10. Click here to review that activity – https://theoptionsinsider.com/calls-trade-nbr-possible-yield-seeker/
