Calls Purchased on Swift Energy (SFY)
Symbols: SFY
Shares of Swift Energy Company (NYSE: SFY) are higher on the session by 0.92%, currently trading at $25.17. The stock has been moving largely lower over the past six months, off from recent highs near $38.25. The stock is in danger of breaking the $25.00 level, which is a key support level.
Options traders are betting that the level holds and moves higher. Though action has been primarily in small lots, the call volume is now running at 3.10x the daily average. Traders are buying the $30.00 and $40.00 calls in multiple months.
Swift Energy Company is engaged in developing, exploring, acquiring, and operating oil and natural gas properties, with a focus on oil and natural gas reserves onshore and in the inland waters of Louisiana and Texas.
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