Spread Traders Are Getting Bullish on Range Resources (RRC)
Read the full article: http://whatstrading.com/2008/08/07/range-resources-corp-rrc-...
At least one strategist in the options market seems to share a bullish view on Range Resources. At 14:30 Eastern time, an order of 5,000 December 50 calls traded offerside for $4.10 a contract on the PHLX. At the same time, 5,000 of the December 65s traded bidside for $1.30 a contract. The trade has all the signs of a substantial bull call spread.
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