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OTM LNG Strangles Trade
3000 LNG Apr21 51 calls and Apr21 47 puts went up in 2 blocks on the AMEX marked spread.
Calls Purchased as Hovnanian Pops (HOV)
Hovnanian touched a fresh 52-week high of $5.09 today. Despite the run, one trader is buying a large block of calls.
Puts Sold as Pharmacyclics Drops (PCYC)
Traders seems to be embracing the stock?s slide and are selling downside puts.
Is Galena Biopharma Topped Out? (GALE)
One trader is taking the opportunity to sell upside on GALE today.
Is Noble Ready to Rally? (NE)
With shares now testing the 50-day moving average, one trader is betting that shares can find support here and is buying upside calls.
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