Market Overview

Notable Call Options Activity in Goodrich Petroleum

Shares of Goodrich Petroleum (NYSE: GDP) are lower on the session by 1.90%, currently trading at $15.98. The stock has been moving largely lower over the past two weeks and is currently trading below the 50-day moving average.

Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $17.50 call, which has traded 2,500 times on open interest of 1,412 contracts.

Calls are outpacing puts today by 31 to 1.

Goodrich Petroleum Corporation is an independent oil and gas company engaged in the exploration, development and production of oil and natural gas properties primarily in Northwest Louisiana and East Texas, which includes the Haynesville Shale and Cotton Valley trends and South Texas, which includes the Eagle Ford Shale trend.

Posted-In: Options Markets

 

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