16Aug

Cheniere Energy Draws Bullish Spread

By , August 16th, 2012 | Market News | 0 Comments

Cheniere Energy is attracting a huge upside trade even as shares decline today.

LNG is down 0.9 percent to $14.38, in the middle of a recent range that is continuing to contract. The liquefied natural-gas company was reached a 52-week high of $18.92 in early May.

A trader bought 10,000 December 16 calls for $1.23 against open interest of 12,439 contracts, according to optionMONSTER’s tracking systems. At the same time, he or she sold 20,000 December 19 calls for the bid price of $0.40 with volume above open interest of 7,843 at that strike.

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