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Walter Energy, Inc. Message Board

  • picker.bottom picker.bottom Jul 12, 2013 3:30 PM Flag

    July-19th CALLs being bought

    For a very quiet day, a lot of Call activity in Calls expiring next Friday.

    Check out the $12.5, $13 and $14 strikes. Is somebody betting on some upside for next week or are shorts buying to hedge their short position?

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    • picker,
      I saw the $12,5 and $14 strikes did have alot of activity.

      How do you think China's GDP report on July 15th will figure in the PPS action for coals next week?

      THe Chinese Chief of Finance really stirred the pot with his comment about how a 6.5% growth figure would not be a problem.

      • 1 Reply to covelldeb
      • "How do you think China's GDP report on July 15th will figure in the PPS action for coals next week?"

        I'm not sure what it will do to the Coal stocks, but we can def. learn the market sentiment by observing the reaction.

        1) Bad China numbers and Coal stocks go up (Means WS decided to run them up and fundamentals don't matter just like the rest of the market that has been running on QE fumes)

        2) Bad China numbers and coal stocks get hit, a more rational market trading in fundamentals and coal is still not in favor and rally on better than expected China numbers.

        3) Coal stocks fall after good China numbers is the only scenario that would be worrisome.

 
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