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Abraxas Petroleum Corp. Message Board

  • wandrewus2001 wandrewus2001 May 14, 2013 1:15 PM Flag

    significant call option

    Fairly consistent June call options activity. May 7th & May 8th & today May 14th total amount OVER 2100 calls---Total should be about 4300 calls so far.

    Sentiment: Strong Buy

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    • Sorry for my ignorance, could you explain what exactly that means? Is each call for a specific lot size? Price?

      Thank you for your patience...

      • 2 Replies to jpegwmv
      • Aside from the mechanics of how option call contracts actually work, the reason they are purchased is probably what we are most interested in. Essentially, call options are purchased for one of two reasons: 1. As speculation that the stock price will go higher (the higher the stock price goes, the more money can be made, or 2. As a hedge against a short position (thereby allowing the short to cover at the specified option price should the stock go higher). This is an overly simplistic definition, but it at least highlights that the purchase of option calls can be either bullish or bearish depending upon the strategy of the buyer. Home this helps.....

        Sentiment: Buy

      • Your best avenue on tutorials of the Option market would be to visit INVESTOPEDIA.
        The subject can be quite complex & I am not equipped to get into it except in a classroom environment & with a blackboard. Good day to you.

 
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