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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum! |
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#1
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#2
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Cheniere Energy Call Volume Spikes On Liquid Natural Gas Export Deal
0 comments, 0 called-out + Comment now + Comment now Cheniere Energy Inc. (LNG) has caught the eye of more than a few investors today, with the surging more than 51% higher to $9.28. Providing the fuel for this rocket-ride higher was news that the company had signed an $8 billion deal with BG Group PLC to export liquid natural gas. The deal also allowed Cheniere proceed with its project in , which could be the first liquid natural gas export plant built in the United States in roughly 50 years. Today’s excitement has driven LNG volume through the roof, with roughly 19,700 trading – nearly seven times the stock’s average daily volume. Options volume has also been extremely brisk. So far, nearly 40,000 contracts have crossed the tape in LNG’s options pits, with roughly 83% of this activity crossing on the call side. Breaking down this volume, we find that 6,512 puts have traded versus 33,411 calls, resulting in a single-session put/call volume ratio of 0.20. The most popular LNG strikes on the day January 2012 7 call, with volume of 4,000 contracts, the January 2012 6 and 12 strikes, where roughly 2,000 calls have traded, and the March 2012 12 call, which has attracted volume of 2,100 contracts. Peak put volume, meanwhile, totals a mere 201 contracts at the January 2012 6 strike. Technically, LNG has spiked above former resistance at both its 50-day and 200-day . However, the shares failed to take out former resistance at $11, and have since retreated below potential round-number resistance at $10. Furthermore, the stock’s has spiked to a reading of 76.94, placing the shares in overbought territory. As such, LNG bulls looking to jump on the bandwagon may want to hold off until after the stock stabilizes in the wake of this morning’s news. |
#3
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WOW....I had 23 alerts today...........Sold at 10.32 right before the bell.....
Had 3 buy in over the last few months at 7.06 6.99 7.80
__________________
Waltrip's Saltwater Guide Service jeremy@geaux-outdoors.com https://m.facebook.com/waltrip.guideservice?id=148838538646862&_rdr |
#4
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bought mine in august at 6.82. Mighta shoulda sold it today. Got busy and forgot about it. Maybe it will go up some more tomorrow. Seems like everything has been 1 day wonders lately.
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#5
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I would sell at opening bell...It has went up a few more cents after closing Take the profit and don't get greedy
__________________
Waltrip's Saltwater Guide Service jeremy@geaux-outdoors.com https://m.facebook.com/waltrip.guideservice?id=148838538646862&_rdr |
#6
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might just set it to sell when it opens. Im sure it will come back down rather quickly too.
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#7
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![]() Quote:
roger ![]()
__________________
Waltrip's Saltwater Guide Service jeremy@geaux-outdoors.com https://m.facebook.com/waltrip.guideservice?id=148838538646862&_rdr |
#8
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Day's Range:8.55 - 10.95
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__________________
Waltrip's Saltwater Guide Service jeremy@geaux-outdoors.com https://m.facebook.com/waltrip.guideservice?id=148838538646862&_rdr |
#9
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In at 4.60 still holding on.
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#10
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I could see it hitting 15 but I'm not going to play that price yet....I have made good returns and I'm up 100% gain for the year on sales......
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#11
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Bought mine at 4.04 and sold it at a little over 11
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#12
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its still climbing!!
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#13
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I would sell it off....History has proven that with big gain days....it will fall back down... I would take that price all day!!!
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