Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan talked about options data on Chesapeake Energy Corporation CHK ahead of its earnings release on Wednesday.
Kinahan noted that the stock was down 11 percent since its last earnings release and was at the 77th percentile for implied volatility.
Increased buying activity was seen in the May $16 Puts along with increased trading in the May $17 Calls.
Kinahan mentioned that the stock would be linked to crude oil prices, however, the rally in crude had taken place in the second quarter.
Heading into its Q1 earnings report, Chesapeake Energy traded at $16.01, down 2.32 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
