Major Confidence Vote in Kinder Morgan

One investor apparently thinks that Kinder Morgan is a solid bet at current levels.

optionMONSTER’s monitoring programs detected the sale of 5,000 October 35 calls for $0.97. An equal number of September 35 calls were bought at the same time for $0.65, but volume was below open interest in those. This indicates that an existing short position was rolled forward in time.

The trader almost certainly owns shares in the Houston-based company, which transports and stores energy products including crude oil, natural gas, and coal. If the position hadn’t been adjusted, he or she would have been forced to sell stock at expiration tomorrow.

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