Chesapeake Energy Corporation (NYSE:CHK) Among Most Active Puts Today
By George Zabel
November 05, 2009 10:30 AM
November 05, 2009 10:30 AM
Symbols: CHK
Posted in: Long Ideas, Short Ideas, Futures, Price Target, Options, Markets, Analyst Ratings, Movers, Trading Ideas
Chesapeake Energy Corporation (CHK) November Put Option contract is today’s most active Put , with a strike price of $24.
Short term Chesapeake could go slightly up forming a bearish flag and then lower, longer term however the stock has very good fundamental reasons to rise much higher. The target of $30 will be just a moderate profit objective on the long side and any declines this month should be viewed as buying opportunities.
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