Is A Reversal Coming?

Join Renowned Trading Instructor, Hubert Senters, for an exclusive lesson as he explains his best method for spotting trend reversals and breakouts.

Don't get caught flat footed by the next market reversal. Join now and learn how skilled traders can benefit from upcoming voalitility.

Hurry, this session starts soon!

Join Now

Frontline Ltd. (FRO) is a Bermuda based crude oil transport company, and the world’s largest oil shipper by fleet size. As of the time of this post (11:00AM CST) FRO is currently trading at 4.89, up 24.25% on the session. The stock is currently well within the upper portion of its 52 week trading range of 1.18-5.12 following today’s tremendous rally. The stock printed as high as 5.00 on today’s session, which has provided some key resistance for buyers on the daily chart.

Earlier this morning a trader came and bought 1,402 FRO Feb 5 Calls for $0.50. The stock ripped to session highs after this order hit and as the stock has moved higher traders continue to buy these calls as the stock moves higher. Shortly after these calls hit a trader cmae in and bought another block of 2,000 calls for $0.60, then a block of 1,090 calls for $0.75, and a final block of 982 calls for $0.85. This means that if a trader would have taken the first OptionHacker signal they potentially could have seen 70% returns in a matter of hours. Another absolute blowout winner!

Trade: Traded bought the FRO Feb 5 calls for $0.50
Risk: $50 per 1 lot
Reward: Unlimited
Breakeven: $5.50

Regards,
Andrew Keene
KeeneOnTheMarket.com

Pin It on Pinterest

Share This

Stop Sign

Don't Miss This Exclusive Training Session!

Join Hubert Senters and learn the best method for spotting breakouts.

Join Now (Click Here)

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy