$PBR – I have a starter in $PBR, and will be looking to add. The stock was up in after hours on the news of Chavez death, and also had some heavy call buying in the April 16s . Legacy member “Runner” inside 12631, states that this smells of bottoming action, and I happen to agree.
$CLF is a name my man @Kelkun is after. He is very good with these oversold plays, and it may just be worth a look down here. WIth the nice inverted hammer today, we should get a bounce if the market continues to rally.
Keep both names on watch.
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yeah, some hedge fund or funds is thinking the same thing PBR 9,000 Apr 16 call buys 16 – 19 cents
sometimes their traders are given the green light to front run with options a position they’ll be putting on in the days ahead or maybe they’re also thinking dead Chavez is good for PBR
someone got paid.