Options Brief: Swift Energy (SFY)

SFY – Swift Energy Company – Bears lumbered across the options field on Swift Energy, a company engaged in developing, exploring, acquiring and operating oil and natural gas properties, today as shares surrendered more than 3.25% to trade at $31.81 by 3:45 pm (ET). Pessimistic players doubting Swift’s shares will rebound significantly in the next several weeks sold short more than 2,900 calls at the July $35 strike to pocket an average premium of $0.72 per contract. Investors short the calls keep the full premium received on the sale as long as shares of the underlying stock do not breach $35.00 by July expiration.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

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