Energy is surging again today, and sentiment is especially bullish toward Halcon Resources.
optionMONSTER’s Heat Seeker monitoring program shows that traders have snapped up more than 8,000 July 6 calls for $0.20 to $0.30. Open interest stood at just 1,188 contracts before the session began, so new money was clearly put to work.
Long calls lock in the price where a stock can be purchased, letting investors cheaply position for a rally. They can also generate significant leverage but can expire worthless if shares stall or pull back.
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