Options Flow Summary: LINE
Linn Energy LLC (LINE)
There is unusual options volume today in Linn Energy LLC (LINE). Over 25,100 contracts have traded in the Aug 07 35 puts, which is 22 times the average daily options volume. This trading activity appears to be opening a position.
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Unusual volume was also noted in LINE on 6/21 (7x average daily volume), 6/22 (16x average daily volume) and 6/25 (18x average daily volume). This activity may indicate that there was some prior knowledge of the independent oil company's acquisition of Dominion Resources, one of the largest producers of energy. Todayís trading suggests there is an interest in a continued upside move in the stock.
Up, up and away.
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About Ellen Spiro
Ellen Spiro brings nearly 20 years market experience to her position as Vice President of Sales & Marketing of Trade Alert, LLC. Her background includes Fixed Income Derivatives trading at Deutsche Bank and starting up a similar desk at West Deutsche Landesbank as well as securities industry consulting for Coopers & Lybrand. Her current role puts her in direct contact with many of the largest participants in the equity derivatives field.
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